The S&P 500 and the Dow Jones Industrial Average both closed up by 2.2% to mark the biggest increase for both since January 2, 2013. Investors’ optimism was fueled by a short-term proposal by Republicans to raise the debt ceiling. This plan has been informally accepted by President Obama. “You’re taking the nuclear option off the table, the fact that we’ll blow through the debt ceiling, that’s not going to happen,” said Dan Veru, chief investment officer at Palisade Capital Management LLC.
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
Hilary Kramer is an investment analyst and portfolio manager with 30 years of experience on Wall Street. Since 2010, Hilary's financial publications have provided stock analysis and investment advice to her subscribers: