The Group Chat: Buongiorno

The U.S. government can't borrow any more money... Not yet, at least. You see, as a country, we've hit our $31.4 trillion "debt ceiling."

Don't Worry About This $94,000-per-Citizen Tax Yet By Briton Hill, analyst, Chaikin Analytics The U.S. government can't borrow any more money... Not yet, at least. You see, as a country, we've hit our $31.4 trillion "debt ceiling." That's the most money the U.S. can owe at any time. And it works out to roughly $94,000 per citizen today. The U.S. could default on its debt as soon as this summer if Congress can't come to terms on what to do next. That could destroy the economy... The government wouldn't be able to pay federal employees, contractors, and suppliers. And it couldn't make any payments on existing debt – including interest on the U.S. Treasury bonds in the world today. But here's why I wouldn't worry just yet... Recommended Links: Here's What You Missed Last Week The world-renowned professor who called the 2008 and 2020 crashes months in advance says what's coming will impact 20 times MORE money than the collapse of Silicon Valley Bank and First Republic Bank COMBINED. He has also gave away the name and ticker of a popular stock he believes could go BANKRUPT this summer. Don't wait, click here for full details. "If I had to put ALL my money into ONE investment, THIS would be it" Top analyst goes on record: "This Is it: The No. 1 investment to buy today." For a short time, he's sharing the full details of the best investing setup he has seen in his 20+ year career. It's a rare opportunity that could make you 10 times your money, no matter what the market does next. Click here for details before todays's opening bell. As scary as all this debt-ceiling stuff sounds, we've been here before... Many times. I'm sure you've seen or heard about the debt ceiling in the news in recent years. But I'm not sure you realize how much total U.S. debt has surged. Take a look... It's a seemingly never-ending trend. It has gone "up and to the right" for many decades. As debt surges higher, the U.S. government can choose one of three options...   1.    Cut spending 2.    Increase economic efficiency and output 3.    Raise the debt ceiling and borrow more money The first option is a political nonstarter – especially as we near the next election cycle. And the second option is big, complicated, and would take years (perhaps even decades). Considering that, I don't need to tell you which option the government always picks... Every time we've been in this position before, Congress has raised the debt ceiling. In fact, between 2001 and 2016 alone, the government raised the debt ceiling 14 times. That's almost once per year. It's nothing more than "kicking the can down the road." At the end of the day, simply making it the next guy's problem isn't a real solution. We need to cut spending and improve economic output to reduce our massive national-debt burden. But that's easier said than done. And it's especially hard to do when the decision-makers in Washington, D.C. can simply sign their names and approve trillions more in new spending. So in the end... we should expect another debt-ceiling increase this time. That means it's "business as usual" for the U.S. government and the economy. After all, the alternative is a true default. That would devastate the U.S. economy – and likely spread throughout much of the world. Instead, the U.S. government will continue to finance its operations the same way it has for decades. It will keep borrowing more from its citizens and other countries. You'll likely see a lot of news about the debt ceiling in the coming days. But for investors like us, the main idea is clear... Our elected leaders likely won't do anything other than what they always do. They'll kick the debt can down the road once again. Good investing, Briton Hill Market View Major Indexes and Notable Sectors     # Hld:     Bullish     Neutral     Bearish Dow 30 -0.04% 10 16 4 S&P 500 -0.13% 140 276 83 Nasdaq -0.36% 48 41 11 Small Caps -0.20% 395 951 534 Bonds -0.84% — According to the Chaikin Power Bar, Small Cap stocks are somewhat more Bearish than Large Cap stocks. Major indexes are mixed. *  *  *  * Sector Tracker Sector movement over the last 5 days Communication +2.37% Discretionary +0.43% Utilities 0.00% Staples -0.08% Information Technology -0.19% Real Estate -0.93% Industrials -1.03% Health Care -1.07% Financial -1.33% Materials -1.96% Energy -2.13% *  *  *  * Industry Focus Software & Services 83 67 4 Over the past 6 months, the Software & Services subsector (XSW) has underperformed the S&P 500 by -1.77%. However, its Power Bar ratio, which measures future potential, is Very Strong, with more Bullish than Bearish stocks. It is currently ranked #2 of 21 subsectors and has moved up 2 slots over the past week. Top Stocks BASE Couchbase, Inc. RPD Rapid7, Inc. DBX Dropbox, Inc. *  *  *  * Top Movers Gainers FSLR +26.48% NWSA +8.48% NRG +5.64% EQT +4.86% ENPH +4.20% Losers GEN -5.48% LNC -4.16% CCL -4.00% CTLT -3.89% PYPL -3.88% *  *  *  * Earnings Report Reporting Today Rating Before Open After Close WTM No earnings reporting today. Earnings Surprises SPB Spectrum Brands Holdings, Inc. Q2 $-0.14 Beat by $0.04 *  *  *  * You have received this e-mail as part of your subscription to PowerFeed. If you no longer want to receive e-mails from PowerFeed, click here. You're receiving this e-mail at diansastroxz.forex@blogger.com. For questions about your account or to speak with customer service, call +1 (877) 697-6783 (U.S.), 9 a.m. - 5 p.m. Eastern time or e-mail info@chaikinanalytics.com. Please note: The law prohibits us from giving personalized investment advice. © 2023 Chaikin Analytics, LLC. 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