Disaster Averted (For Now): How the Surprise Debt Deal Will Impact Markets

By now you have heard about the debt ceiling deal that President Trump made with congressional democrats(hard to believe),which has now been approved by Congress as a whole.

Rupert Murdoch-owned Fox News is calling it a disaster, while Rupert Murdoch-owned Marketwatch is opining that it’s a good thing. Never let it be said that old Rupert doesn’t know how to play both sides of an issue. Fair and balanced.

Let’s also note that this deal is only for three months. We’re going to need to revisit this again in December, though it seems likely that, by then, they’ll have made a deal for the long term that would obviate the need for another debt ceiling impasse.

But we’ll need to monitor closely for any potential changes to market liquidity as the next drop-dead date approaches.

Meanwhile, if you’re confused by all this, join the crowd. I’ll try to sort through the confusion to tell you what it means for you and your money. We’ll look at it through the prism of my LAMPP indicator of market liquidity.

As traders and investors, that’s the only thing that really matters to us: the impact this deal will have on our portfolios.

Here’s what you need to know


Here’s What the Latest Fed Resignation Means for Your Money

You may have heard the news that Fed Vice Chairman Stanley Fischer has resigned, and you’re wondering so what? What does it mean to me and my investments?

Well, I’m no mainstream media pundit, but I have been tracking and writing about the Fed and its influence on the market for a very long time.

So let me give you my perspective on what this resignation does or doesn’t mean.

I’m a data guy, not a political expert. I view the world through the prism of what the data tells us about action and reaction, cause and effect, as it applies to monetary and fiscal policy and stock and bond market behavior. However, people make the decisions about those all-important actions, so to that extent, maybe personalities matter.

Here’s what Fischer’s resignation means for your money