INSIGHTS: DEBT CEILING DEBATES FAILING?
Insights
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Posted 24/05/2023
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3600
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.