The debt ceiling drama is jeopardizing one of the Senate’s more precious institutions: recess.
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#fedmeeting #debtceiling #stockmarketcrash
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#fedmeeting #debtceiling #stockmarketcrash
The Federal Reserve conducts the nation’s monetary policy to promote maximum employment, stable prices, and moderate long-term interest rates in the U.S. economy; promotes the stability of the financial system and seeks to minimize and contain systemic risks through active monitoring and engagement in the U.S. and abroad; promotes the safety and soundness of individual financial institutions and monitors their impact on the financial system as a whole; fosters payment and settlement system safety and efficiency through services to the banking industry and the U.S. government that facilitate U.S.-dollar transactions and payments; and promotes consumer protection and community development through consumer-focused supervision and examination, research and analysis of emerging consumer issues and trends, community economic development activities, and the administration of consumer laws and regulations.
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Here is literally the only thing we have to look forward to next week. What's going on guys? It's Ricky here with techbook Solutions and finally I'm back here in Arizona with a super quick market Update: So 3 100 flat on Tkq and a little bit over 7, 300 on ski Heq putting my overall day a little bit over 10 500 I would say so. Very grateful for that. If you're part of my Lpp team, you saw me call out my exit on us Kiki Q First off, I sold a little bit too early, but you also saw my call out on my entry on Tqq and that one played out very beautifully.
My exit on this one was not perfect, but pretty close to perfect I ended up getting out right around uh 28.62 if I'm not mistaken 28.61 around that general area so was able to actually close out this trade right before I went into my flight from Mexico back to Arizona. So the only thing that I uh, well, two things, right. Two things you have to look forward to for next week is the talk about the debt ceiling. It was supposed to happen this week, but it got rescheduled for next week and it's going to be supposedly on Friday.
So Joe Biden A lot of you guys might know him as the President of the United States and the head Speaker of the House of Representatives is set to have an actual conversation about either increasing the death ceiling or coming up with some form of solution as that has been some of the biggest concerns for the overall Market, especially as we've kind of just been consolidating around the same general area. If we look at QQQ and we look at this on the day chart, we have been making progress since April but not very much, right? We've been kind of lacking that progress and I think it's because we went from our real Focus being at the inflation rate and then when that thing began to cool down, we had the concern of the recession and then when that began to cool off and now we have the concern of the debt ceiling. So all they really have to agree to is raising the debt ceiling because I don't see any other way around it, right? We can make a little bit or we can make a video getting a little bit more in detail when it comes down to that. I'll leave it up to you guys, you guys can let me know down in the comment section.
but when it comes down to all economic reports that are set to be released next week, the biggest thing that I would encourage you to learn a little bit more about is the debt ceiling and what's to come next week and how that could influence the overall. Market Remember, even if it does move the mark Market Just kind of like we experienced this week with the CPI data reports and the PPI data reports. Yes, it does move the markets, but ultimately especially For You long-term investors. It shouldn't be something that really encourages your discourages you to make impulsive decisions.
And I Love saying that is because a lot of people get frightened with the idea of well markets can shift. Yes, I mean at the end of the day, pullbacks are part of the process and looking at the overall NASDAQ Market on the day chart, it's been on the consistent rally. If the market does pull on back, it's not going to be the end of the world. Another way that you can view it is if the market does pull on back, you should have money on the sidelines, right? Based off of your position, sides, position size, you should have money on your Sidelines to actually be able to load up at cheaper levels and be able to buy at the higher lows, right? It's something that a lot of investors look forward to and instead of not looking forward to pull backs, then understanding the long-term game and how you can even make money. you know even more money when markets do pull on back because it gives you the opportunity to be able to buy at cheaper levels. So if you have any questions about this again, you're more than welcome to message me via Instagram or via Discord And if you want me to make a video a little bit more when it comes down to that, the debt ceiling and what this would mean for the overall stock market, then make sure you drop a thumbs up and feel free to comment down below. So I Really do appreciate you guys time. I Hope that you guys enjoyed our free live trading session today! I Know we had quite a bit of people tune on in and it got a lot of positive feedback.
We gave away another one thousand dollars today. we give away one thousand dollars last week and I'm going to be doing another free live trading session this upcoming week and giving away another one thousand dollars. If you want to save your spot for next week, it's the first link in the description down below. It is free to save your spot! So I Hope to see you guys there if you're not already a part of our Lpp team.
If you're ready to join our team, that's that second link in the description down below. Other than that, do not forget there's only a couple days left for our GTR giveaway and all of that is linked in the description. If you haven't entered already, appreciate your time like always. let's make sure that we're in the year on a green note.
Take it easy team!.
"Knowledge is being aware of what you can do. Wisdom is knowing when not to do it." —Anonymous
Several of the biggest market experts have been voicing their opinions on exactly how awful they think the next downturn would be, and how far equities may have to go, as recession draws closer and inflation continues well above the Fed's 2% objective. I'm trying to build a portfolio of at least $850k by the time I'm 60, therefore I need suggestions on what investments to make.
Not only should the ceiling NOT be raised, it should be lowered by half. Time for a reset. It’s time for Americans to control their own economy outside political gerrymandering.
Higher lows 😂 no wonder this country have classes explaining No means No 🤭
Non story they always agree…
A real trader shows his losses, not just the profits
And the DAY IS?
Why don't you reply to the message?😢😢😢😢
Welcome home buddy
Why waste time discussing which coins to keep for the long term? Have you even heard of Papayahub?
Its no a ceiling anymore
Hey Ricky, thanks for the update. I would like to see a video on the debt ceiling if you don't mind. Just to get a broader vision to it.
Love your work
What up with mullen automative ?
I just need this shit to decide trend and actually trend for a few months and it’s lit.
no debt ceiling deal coming…default soon
look at todays chart…..down down down…. then straight up at the close. this is the plunge protection team jumping in and sucking in the retail investor only to sell on monday !
🐐
Thanks Ricky! Appreciate the update! 👍🏻