Washington Showdown Creating Market Volatility

Washington Showdown Creating Market Volatility

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As the showdown in Washington continues, it is very likely that we’ll see increased market volatility.  However, our opinion today is that cooler heads will eventually prevail and Congress will come to some sort of agreement on both the budget and our debt limit.  Keep in mind it may be an 11th hour agreement which will really put the media into a frenzy and could lead to a market pullback.  Ultimately, we do not believe that the US Treasury will default on our country’s obligations.  We recommend watching the attached video interview with Bill Gross.  He runs PIMCO Investments, LLC and is one of the most influential bond investors in the world.  We value his opinion and thoughtful analysis.  ow.ly/pvweS

Author: Chad Sander

Direct Phone: 812-602-6302

Email: casander@paynewealthpartners.com

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The information in this material is only as current as the date indicted, and may be superseded by subsequent market events or for other reasons. Statements concerning financial market trends are based on current market conditions, which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. While all information prepared in this document is believed to be accurate, any statements of opinion constitute only current opinions of Payne Wealth Partners, Inc., which are subject to change and which Payne Wealth Partners, Inc. does not undertake to update. Accordingly, you should not put undue reliance on these statements.

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