It seems to me the debt ceiling being raised is priced in and may explain why the bullish sentiment and the sideways trading we’ve been experiencing. With an event as important as the “debt ceiling” it’d be foolish to think it’s not priced in…
When the debt ceiling is increased, we might see a temporary boost in the stock market, but it probably won't last for a long time. In my view, this situation is similar to the idea of “buying the rumor and selling the news.” Based on my observations in trading (under major institutions) and my extensive research over the years, it seems like we're nearing a possible peak in the market. As people become more optimistic and the desire for things to return to normal grows, there's a high likelihood of a significant drop of around 10-15% on the horizon. (It’s just how the market is)
This is just my belief, I’m curious to see what others think, for whatever it’s worth I will be putting my money where my mouth is
Also, there is a .00000001% chance the US defaults, please don’t fall for that notion, this is typical political theatrics.
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