the SETUP is so perfect that the very illusive very rare CRASH scenario is here right now! Not saying it happens but the market has set itself up for one. it might actually be a HUGE spike move higher instead. it is nearing a defining fast sharp unexpected move.
The stock market is split with DOW continuing to drop as the Q's regain big momentum. the dollar and bond yields are literally surging signaling what? Either INFLATION and a very strong economy or a catastrophic event that places faith in bonds as low. BUT why the dollar move? tis a puzzlement. Is it a safe haven during default? Strange.
The fact that McCarthy and Biden are pumping up the deal as almost complete and the timing of announcement means that they are orchestrating a rush job bumping towards the deadline of default purposely. They don't want their constituents to balk. I do not believe it will work. I think there are enough Republicans in the camp of maximum destruction.