Ep.114: Is A US Debt Ceiling Deal Actually Bad For Stocks?!

On The Trading Floor this week Piers and I discuss three hot topics:

1) Now a US debt ceiling deal has been struck what next for financial markets?

2) Stocks are still going up, mainly led by big tech but market commentators keep talking about a narrow market, so what exactly does that mean?

3) Apple's next big product The Reality Pro headset is expected to be announced at Apple's developer conference on Monday 5th June. Smash hit or too late to the party?!

►Twitter: @amplifytrading @AWMCheung @pierscurran
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#trading #investing #finance

[Stffel]

When you talk about the big 6, I immediately think of the western called "Magnificent Seven". Coming to stock exchanges near you lol.

[marcoandriollo]

Thanks Anthony and Piers for the usual update! The evolution of the situation is really difficult to predict (as always by the way)... last week unemployment rate above expectations and datas highlighting a slowing labour market combined with inflation in the Eurozone declining faster than projected make me think that we have reached the peak in terms of monetary policy tightening. At the same time the big 6 rally can't last for too long (today market reaction to the Apple WWDC is a proof) and when sellers will come in the bust won't be smooth. 🐻

[remiewatkins]

Thank you for your great work truly awesome

[Stffel]

Shout out to Anthony for mentioning Lawnmower Man. I was 9 when it was released so wouldn't have watched it but might actually watch it after seeing the trailer. Cutting edge CGI there.

[trillovault]

I think the App Store for the Apple Headset shouldn’t be overlooked. It’s what drove a lot of interest in previous Apple technologies. I agree that da market will probably fall soon just cause the Big Tech are the main ones. In order for the market to be sustainably increasing, there needs to be an increase in consumer spending and monetary power. Especially with it being in technology, who is going to buy from them at a rate that sustainably increases the whole economy as a whole. I think it could be the tech bubble all over again once things slow down and people realize that it isn’t everything it turned out to be. Although, a minor version of it since smart tech companies are starting to look abroad. APPLE and India. Don’t trip Piers, I agree witcha, I lost some cuz of it.

[musaahmed]

They're just kicking the can down the road, this will not end well. Just trying to shift responsibility away from themselves.