A Tense Market Is Waiting To Break Out (In Either Direction)

Stocks are little changed for 8 days in a row which suggests a tense market waiting to breakout in either direction, notes Jeffrey Kleintop. He and Randy Frederick discuss how stocks rally as debt ceiling talks continue. They talk about the market impact of failing to reach a debt ceiling deal. They then go over why investors could look to Japan for portfolio exposure. Randy notes that the initial jobless claims from Thursday at just >200K for the past 7 weeks implies modest deterioration. Tune in to find out more about the stock market today.

Market On Close

17 May 2023

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