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Since the beginning of the year, U.S. Stocks have been progressive rise. The market did witness a couple of hiccups, but no major corrections took place. The “sell in May and go away” phenomenon, for instance, did not essentially impact the Nasdaq . This index appreciated by nearly 7% during the same period. Contrarily, the S&P 500 did feel a pinch. However, it managed to cap its losses and mostly traded horizontally during the said period. On the YTD frame, the former is 32%, while the latter has inclined by 16%. Nevertheless, when compared to its mid-October low registered last year, the S&P 500 has risen by more than 20%, [24.6% precisely], successfully checking the technical definition of a bull market. Nasdaq Composite, S&P 500 Indices by TradingView Also Read: Spot Bitcoin ETF Approval by SEC ‘Fairly High’: Bernstein Crypto’s ‘Wall Street’ Quest Well, even though the stock market has been faring well under bul...

There has been a lot of commentary concerning the U.S. raising its debt limit, as Treasury secretary Janet Yellen said last month that a U.S. default would be “devastating,” and European Central Bank president Christine Lagarde warned it would be a “major disaster” if the U.S. defaulted on its obligations. It now appears that Re public an politicians are willing to raise the country’s debt limit, but only if fellow lawmakers repeal the mandates on green energy and climate change in the Inflation Reduction Act. Debate Over Inflation Reduction Act Heats Up as Debt Ceiling Deadline Approaches This weekend, there is a great deal of discussion regarding repealing several measures installed in the Biden administration’s Inflation Reduction Act. Re public ans, led by House speaker Kevin McCarthy (R-CA), are looking to gut the Inflation Reduction Act, and in return, they would be willing to raise the debt ceiling. On Wednesday, McCarthy said that the repea...