The tentative debt ceiling deal between President Joe Biden and Speaker Kevin McCarthy is a much welcomed way for investors to return from the Memorial Day holiday weekend. Default risks are off the table for the next two can-kicking years.
On paper, the resolution should bring some calm to debt markets and ratchet down the commentary coming from C-suite leaders at various investment bank conferences this week and in June.
Read More : Debt ceiling issue resolved, investors now face the next challenge