Wall Street Focuses on Debt Ceiling Offered by Rob Taylor Would it surprise you to hear that investors have moved past worrying about inflation? They have, at least for now. Wall Street has shifted its attention to Washington’s budget negotiations and how the debt ceiling will be resolved. But how long will that shift in focus last? |
So after Wall Street moves past the debt ceiling, what’s next? Attention may come back around to inflation and the Fed’s monetary policy. As you can see from the other table, that’s what 25 institutional investors surveyed by the New York Fed ranked as one of their top concerns for the next 12-18 months. But banking-sector stresses and the U.S.-China tensions also could come into focus. Or maybe attention will shift to real estate. Or perhaps Russia-Ukraine. |
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Do you see the pattern? Wall Street always has to have something to worry about. That’s where the expression, “Wall Street climbs a wall of worry” originated. It means financial markets continue to navigate an endless stream of economic and political uncertainty. I’m watching the debt ceiling negotiations and keeping an eye on how the Fed is managing inflation with its monetary policy. If anything comes up that changes my long-term outlook, I’ll let you know. But for now, let’s leave the worrying to the “experts.” DISCLAIMER: The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of Global View Capital Advisors. LTD (GVCA) or any of its affiliates. The content is developed from sources believed to be providing accurate information. The information in this material is not intended as tax or legal advice. Please consult legal or tax professionals for specific information regarding your individual situation. This material was developed and produced by FMG Suite to provide information on a topic that may be of interest. FMG Suite, LLC, is not affiliated with the named representative, broker-dealer, state- or SEC-registered investment advisory firm. The opinions expressed and material provided are for general information and should not be considered a solicitation for the purchase or sale of any security. |

Wall Street Focuses on Debt Ceiling
May 16, 2023