Debt And Politicians.
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Debt And Politicians.
The technical picture remains with a bullish stance overall. However, with the debt decision being used as a political football game, caution is suggested.
The tug of war, back and forth, in reality, is the norm, in some cases pushing all the way to the last hours before the dead-line.
Children at play. Mr. Powell has taken the ego play to the limit; commonsense tells you when to change course and avoid sinking the ship. The banking crisis is far from over.
You don't need an economics degree to understand how delicate the banking liquidity problem is...next wave of failures will trigger panic in various market segments.
It would be wise to make adjustments to your holdings while time permits.
Like in every aspect of life; human nature is put off what needs to be addressed today, doing nothing but aggravating yourself when you have ample time, without any pressures.
Be Pro-Active...
Short-term: Headlines are your buying opportunities.
Long-term: Fundamentals are your guide.
Much success to all. |
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