Crisis Averted…but…

The Debt Ceiling Crisis is supposedly over. No default, shutdown, or Armageddon. If so why did stocks tumble to turn negative for the year? The answer may lay within the deal itself. No one really likes this deal and it just pushes back the main issues (what will be cut in a significant manor) a few months. What powers will this special Committee have? Will they approve the changes or bicker and let the dreaded automatic “triggers” kick in. Yes we avoided a catastrophic shutdown but all we really got was certain uncertainty.

Comments are closed.
%d bloggers like this: