Monthly Market Monologue - June 5, 2023
We finally see a change in the character of the stock market. From the end of May to Friday, June 2nd, we saw a big change in the amount of stocks that are advancing.
We finally see a change in the character of the stock market. From the end of May to Friday, June 2nd, we saw a big change in the amount of stocks that are advancing.
It is reported that on June 1, 2023, the US will run out of money and unless Congress passes a bill to raise the nation's debt limit, our government will not be able to pay its bills.
A problem that has been looming for quite some time now - is finally upon us.
The federal debt limit is once again in the news as the country rapidly approaches a critical deadline on June 1. Investors are understandably nervous about Washington failing to reach an agreement, a possibility that both sides agree would be a self-inflicted catastrophe.
In this month's market analysis, we look at year-to-date action in a few major indices. We also look at the market's "breadth" which is a measurement of how much of the market is actually participating in the advance.
