After an ugly Delta-driven growth scare plunge at the open on Monday, Get Out & Party stocks soared this week. The Nasdaq outperformed and Dow lagged on the week as Small Caps gave back their mid-week panic-buying (swinging from down over 2.5% to up over 3.5% to end the week up 2%).
And the S&P is hitting all time highs because yeah fun-durr-mentals. Everything is awes .
With Bloomberg headlines hitting moments ago and reminding us that it s time for the periodic debt ceiling drama, as Janet Yellen said in a letter to Congress leadership that the Treasury will start special measures due to debt limit, and warning that the now familiar special steps could run out soon after Congress recess ends, it s time to remind readers what all the drama is (or rather will be) about, while also reminding that total US debt will hit $30 trillion in about six months.