Investors received an early holiday gift yesterday when the House & Senate came together to agree on a budget that will avert another government shutdown. The two-year deal struck will bring a much-needed note of stability to the U.S. economic situation, and by extension, to global markets. According to Sen. Patty Murray (D. Wash.), the deal would gradually allow for more domestic and defense spending while cost-cutting measures will chip away at the deficit. With Democrats and Republicans from the House and Senate coming together to create this budget, have we just used up our supply of holiday miracles? Investors hope not.
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:
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Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services: