Debt Ceiling Standoff: 1 Week Until Deadline

The financial markets are stressed irrespective of the debt ceiling standoff, notes Adrianne Yamaki. She talks about the debt ceiling standoff, as there is only one week left until the deadline. She discusses how the tightening monetary policy discourages lending and risk taking and how short-erm 2023 is dealing with a lot of factors. She then goes over how longer-term valuations are reasonable in most regions in industries. According to Reuters, Biden and McCarthy appear close to deal on the U.S. debt ceiling. She also highlights sectors to have on your radar including healthcare and durables. Tune in to find out more about the stock market today.