The Sky Isn’t Falling
On Hold Chicken Little flew the coop as investors concluded that the sky was not actually falling following the passage of a debt ceiling bill that averted a U.S. default combined with the mounting evidence that future interest rate hikes are on hold. The next critical economic data will not come until mid-June on the 13th, when the Fed starts its June 2-day meeting. The stock market closed out the holiday-shortened [...]