Commentary At the risk of sounding like a market curmudgeon, we must warn that the debt-ceiling deal agreement is a double-edged sword. While the immediate financial risk of a U.S. government default has been averted, a few other consequences resulting from the debt ceiling increase will likely haunt investors and the U.S. economy in the…
Should We Trust the Market’s Rebound?
As we approach the end of October, the S&P 500 Index, a reasonable barometer of the broader equity markets, is up nearly 7 percent since the end of September. The normally more staid Dow Jones Industrial Average is up 11.5 percent over the same period. While both are still down, 16 percent and 10 percent,…
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