Friends,
The U.S. debt ceiling is back in the news, and as deadlines draw nearer, the political theatre and dramatic reporting will likely intensify. The article below provides historical context and an objective look at the short and long-term ramifications. As the story unfolds, we expect increased volatility (and potential buying opportunities) in the short term but are not overly concerned with the long-term impact.
While markets never like uncertainty, investors may find it helpful to remember that we’ve been at this point many times before. We can look at history to provide some perspective.
Let us know if you want to talk or if we can help you review your financial plan and investment strategy.
Matt and Andrew