The market’s rally this past week stalled on Friday after Republicans “pressed pause” on talks to raise the debt ceiling.
The debt ceiling is the amount of debt the U.S. Treasury can have outstanding to pay for the government’s bills.
Without a congressional increase, the U.S. could eventually default on its debt – an unprecedented event that would rock global markets.
According to the Biden administration, the U.S. government may default on some of its debt as early as June 1 unless Congress votes to lift the debt ceiling.
Rep. Garret Graves of Louisiana – one of GOP House Speaker Kevin McCarthy’s top negotiators – said talks with the White House were at a standstill. “It’s time to press pause because it’s just not productive,” Graves said Friday.
The market pared back some of its weekly gains after those comments… but still finished the week up 1.6%.
Now, we don’t know whether or not the U.S. will default on its bills. The betting odds are that it won’t…
But if you want to get clarity on where the markets are headed, we know a person some call the best market timer in history.
His name is Mason Sexton.
If his name doesn’t ring a bell, that’s because after he famously called the crash of 1987, he basically withdrew from the public eye…
And for the last 30 years, his forecasts have been kept private… Reserved for his wealthy clients who pay him between $5,000 and $10,000 – a month – for his insights.
For example, he called the bottom of the 2008–09 financial crisis… The top (and bottom) of the COVID crash in 2020… And the exact peak of the market in January 2022.
On Tuesday at 10 a.m. ET, Mason is set to appear in a special event hosted by his son, national radio personality Buck Sexton.
During the event, he’ll reveal a significant event not seen in decades that could happen in the next eight weeks…
Not everyone is being invited to this event. But as a Daily subscriber, you’re on the list to hear Mason’s warning, which he calls “The Prophecy”…
You just need to click here to instantly confirm your spot and automatically be added to the RSVP list.
Editorial Director, Palm Beach Daily