The SPX is solidly above the 50, 100, and 200-day SMA, notes Randy Frederick. He and Nathan Peterson give an overview of the markets as stocks rally as hopes grow for debt ceiling deal. They talk about market and economic takeaways as debt ceiling negotiations continue. They then go over expectations for a pause at the next Fed meeting. Nathan mentions that the probabilities for a Fed rate hike in June have been creeping higher. Tune in to find out more about the stock market today.
18 May 2023