Happy Memorial Day | Debt Ceiling | 2 stocks to Watch
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Happy Memorial Day! I appreciate all though who have gone above and beyond to bless me with the freedom I have. Thank you.❤️ To though families who live with the sacrifice that their fallen hero’s made for our freedom, I pray that you can find peace in your lives knowing your loved ones are in a better place and that they love you and miss you. 🙏🏻
Debt Ceiling
According to just about every news source, a tentative deal has been made. Sounds like a doozy! Supposedly they agreed on $50billion in budget cuts or 0.2% of US GDP or 1/4 of the $200 billion increase in Nvidia’s market cap on Thursdays market open. OOOO!! If this is agreed upon by congress, the US Treasury will issue more T-bills and US Treasury’s. In turn taking more US dollars out of the global US dollar money supply. Less US dollars to invest in stocks.
Yeild Curve
The 10yr - 2yr Yeild Curve was at -0.75 this morning. When SVB failed it was at -1.07.
Small rotation to intermediate term bonds and out of short term bonds.
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