INSIGHTS: DEBT CEILING DEBATES FAILING?

Today Joe and Branko focus on the US equity markets. Fears of a default are growing as Senator Ted Cruz suggests higher odds due to incompetence. Nasdaq had its worst day in over a month (-1.3%), followed by Dow Jones (-0.7%) and S&P 500 (-1.1%). Treasury Secretary Janet Yellen warns of potential consequences and increased interest in safe havens like gold.

Read the full news post here.