Weekly Investor Update

Published Friday, May 19, 2023 at: 10:22 PM EDT

Stock investors are assuming the debt ceiling problem would be resolved. Otherwise, stocks would have plunged this past week. The major stock indexes declined Friday but were up from a week ago, as the June 1 deadline for a possible default neared. Wall Street was buoyed by positive comments from President Joe Biden about the prospects for Congress to reach an agreement on funding the federal government. While the standoff has been accurately portrayed in the press as a high-risk political drama, investors are counting on Washington to reach an agreement, so far. With the economy on the brink of a cycle...

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This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.