So how bad will the stock market crash if we do not meet the deadline for the U.S debt ceiling? What's going on guys? It's Ricky with talk about Solutions I'm sure you can find this article online. It was shared. Um, recently. Uh, based off of what a lot of different news outlets are saying that the White House is stating that if we do not come up and increase the U.S debt limit by the deadline, that the stock market could drop more than 45 percent.

I Mean that's just insane to think of right? What is holding the market back right now? Or what is holding a solution of increasing the debt limit? Remember Biden is meeting up with McCarthy which is a Republican congressman and they're trying to negotiate. The Republican party wants to negotiate a deal that's of benefit to the Republicans. If the Democratic party wants us to raise that debt limit, it is there. There tends to be normally more urgency because if the U.S were to run out of money, right? First off, everyone's going to take a hit.

People like you and I are going to be very negatively affected. But on top of that, people that rely on Social Security are not going to be able to get paid right and that's normally more of a focus for the Democrats that's always just been the main thing that's been covered. Nonetheless, I Mean it would be literally like chaos. Um, if we do not meet that deadline.

Uh, to my understanding, every article that I've read according to both sides both Republican and Democrat, they say that there's no way that we cannot meet that deadline, but that is exactly what is causing some uncertainty today. Uh, with the overall market and I thought I would share it with you guys. So so right now NASDAQ Market is down. We have Sqq up about one percent on the day.

Uh, you can see that NASDAQ itself not very significant, but it's down about point three four percent. so far. a lot of consolidation here. When looking at this on the 30 minute time frame, you can see this overall support right around What is that? 335 or 336, right? Uh, this horizontal support that we see right on over here after we break below that support that's going to be right around three, three, four.

that's the next support and the next one's going to be the moving average. So right now we're still holding Above This General support range which is great for the overall. Bulls Although we did pull back very little today, it's not very significant and remember, this thing can be like a slingshot. All we're literally waiting for is for them to announce that they have come to a decision to increase the limit.

but it's because of how long it's been taking that it's Wall Street edges lower as debt worries hang. it's I just don't get it I Just don't get why it has to be like this. Why it's always always always people like you and I that always end up paying for their actions or for their lack of actions because you know it's always people like you and I that will end up having to cover any mistake that they end up making right. And it's with what we pay our tax dollars.

it's just very unfortunate. and I I'm I'm like fed up with with just everything that's going on. We all know according to what both parties are saying, that they're going to have to pass it like, uh, the U.S defaulting is not an option like the treasury bonds will become very unstable and it's known as one of the safest forms of investment. so that will crush the US market.

Right on top of that, markets could plunge 45 Like, what's the benefit of that, right? Both the Republicans and the Democrats the Democrats don't want to give in the Republicans don't want to give in. Uh, it's literally a measuring contest and I'm just so fed up with it. obviously I think that you can tell I mean I want the market to drop but not to this point, right? I Like when markets correct themselves? Uh, naturally, not when it's something. I I don't know how to explain it.

it's just like this just seems so fake. It just seems so fake in the sense of like, um, how they continue to prolong everything and it's just so frustrating. It's a waste of time for people like you and I uh, just come up with a decision and if you can't then we should be able to replace the people in power who are incompetent. I Mean it's literally as simple as that.

Um, obviously very frustrated with the entire situation. but um, yeah, I mean that's what we're waiting for As of right now, everything is really just dependent on the U.S debt ceiling. Uh, the deadline. The Market's pulling back just a little bit today.

not very much. Uh, because of what's going on and the lack of a solution. But as soon as the solution comes out based off of how the Market's been reactive, Market's been very bullish. It would make sense that the market reacts in a very positive way.

but again, only time will tell so we'll have to wait for that confirmation. I'm sorry to again just film another video based off of what we're all waiting for. but there's nothing new. and it's the same issues that we had just a couple days ago that we had last week and the week before that incompetent people in power that can't come up with the solution both the Democrats and the Republicans I'm not here to cherry pick one side.

I I Think that we can all agree that both parties suck and I wish we could replace all of them. So um I do appreciate your guys's time. Uh, tomorrow we there is an Fomc minutes report I'm thinking of live streaming it I'll leave it up to you guys, we definitely don't have to. If you guys get this video to over 1000 likes, we'll host that free live stream just based off of how the market will react to the Fomc minutes meeting that gets released at 2 Pm eastern time.

Uh, tomorrow? Wednesday May 24th. So appreciate your time. Hope that we're in. Thumbs up! Don't forget to subscribe and again.

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