The debt ceiling deal is going to accelerate market down fall.
The debt ceiling agreement includes a provision that restarts student loan repayment 60 days after the bill is signed. This is going to suck money out of millions of Americans who haven't paid student loans for 3 years. This is significant considering student loan repayment cannot be circumvented as they will go after your wages and garnish it.
The average America consumer is already scraping by due to high inflation. The student loan will finally be the nail in the coffin for this irrational market $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$
The average America consumer is already scraping by due to high inflation. The student loan will finally be the nail in the coffin for this irrational market $SPDR S&P 500 ETF(SPY.US$ $Invesco QQQ Trust(QQQ.US$ $ProShares UltraPro Short QQQ ETF(SQQQ.US$ $ProShares UltraPro QQQ ETF(TQQQ.US$
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Greenback Stocks : ive said months ago the loan forgiveness isnt priced in, therefore i dont think itll have much of an impact. whether we were in a bear rally or bull market is yet to be determined.. i suspect we are entering into a new bull rally after a modest correction.