Markets are on edge as congress faces the Monday deadline for U.S. default, notes Tony Drake. Markets move higher as the debt ceiling deal clears key hurdle. The House passes the debt ceiling bill and moves to the Senate for approval. He discusses what to look for in the upcoming Fed meeting. He mentions that id the Fed pauses, it will be difficult to raise again without putting the economy into a tailspin. He highlights that the yield curve is deeply inverted and the only way to normalize is cuts. He talks about how there is a frenzy in A.I. with some great winners, but it feels hot. He goes over areas of the market to watch after the A.I. frenzy. Tune in to find out more about the stock market today.
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