The View from 5th Avenue

The View from 5th Avenue – 17 May 2023

A new hope (the best Star Wars btw) has emerged as negotiations regarding the debt ceiling seem to be making progress. Biden has decided to cut his trip to Asia short (sorry Australia) so he can return to the White House and focus on the resolving the debt ceiling before the US defaults. Some have hope that a deal may even done by the end of the weekend, but I won’t hold my breath. Main US indexes were relieved on the news and rose throughout the session. It was not enough to break the range th…

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