So could the U.S actually default as soon as six days? What's going on guys? It's Ricky Here with Techbook Solutions Here with a super quick stock market Update: Not too sure if you guys saw the NASDAQ Market but check this out. An insane move today. Tqq up over 7.5 and QQQ closed 2.56 percent. This is the fifth consecutive week for Nasdaq closing in the green the Bulls are back.

There is no question about it, but for how long and what happens if the US defaults I I shared I I Wanted to share this very interesting article with you guys. is that stock market rally on hopes for a U.S debt ceiling? Nothing new, literally for the past two and a half weeks I I Still let me know in the comment section, it might just be me, but I still do not understand how the same news is still rallying the stock market two and a half weeks later must be the algorithmic trading box, right? NASDAQ Notches fifth consecutive week of wins. Uh, the first thing that I want to share with you guys is what's going on with the US debt ceiling. So it says Congressional and Biden Administration negotiators were zeroing in on a deal that would increase the U.S debt limit for at least two years again providing you some insight on what they are currently negotiating.

Pretty much the US is running out of money. They need to increase the limit so they can borrow more money, but of course Congress needs to pass that. Republicans and Democrats make up. Congress Republicans are trying to negotiate some deals to make sure that the Democrats meet demands and then they'll raise the limit.

But based off of my understanding, Biden doesn't want to negotiate as of right now. it says house Speaker Kevin McCarthy More on the Republican side said that Thursday night's yielded progress, but added we've got to make progress now. We've got to make more progress. Now You're telling me there's six days not talking about business days, but six days left and there still is not a decision.

Well Ricky Why are you saying that the U.S debt ceiling or the U.S can default as soon as June 1st. I'm not saying it. Check this out. Treasury Secretary: Janet Yellen has warned that the U.S could default as soon as June 1st if the debt ceiling is not raised, this is where the concern.

This is where the fear is coming from. Because the Treasury Secretary Janet Yellen right? I'm sure you guys have seen her. She's like the shorter lady with the uh, white hair. She is saying that the U.S debt could default as soon as June 1st.

So to me, this is really important to kind of know, right? We know that both parties are right now negotiating the Republicans want specific demands Democrats don't want to meet that demand? Well, what happens if the stock market does default? This is the question that everyone is literally asking at the end of the day. We all don't know. We don't know exactly what's going to happen right? But based off of these different news outlets, if we want to believe them, they say that the market could potentially drop 45. So is this a rally before doomsday? But in my opinion, right? I've seen both both sides talk about it Republicans and Democrats and they have both agreed I Don't think any any one person has said that no the US will default or we we will most likely default.

It's like not even an option. but to me it like literally is coming down to the minute right? Because this is a three-day weekend Memorial Day Weekend Monday It's not a business day. so moving forward until June 1st How many business days do we have for them to actually come up with a decision for the U.S debt ceiling and will the decision based off of the demands that are met cause the market to go up or down? Because remember, we are rising based off of coming up with the decision. But does that warrant us or guarantee us a rise? once that decision and that U.S debt ceiling is actually lifted I Guess only time will tell.

I Don't know if you guys tuned on into our live session today. Again, it was a lot of fun. We gave away another one thousand dollars during today's live. I Do want to remind you I Do trade live every day.

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It's a one-time payment, lifetime access and again, it's our biggest sell that we're offering right now. For Memorial Day sale, it's a hundred and seventy five dollars off and you can watch me trade live every single day. Well the next time it's going to be on Tuesday at Market open because on Monday we are closed in observance to Memorial Day I Wish you guys nothing but the best. If you guys have any questions, feel free to send me a direct message.

Literally all the links are down below and like always, let's make sure that we end the year on every note. Take it easy team.