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So the government didn't shut down (yet) — what does that mean for the stock market?

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We will likely see a groundswell of Wall Street chatter on how the ongoing debt ceiling drama is slowly eroding confidence in the country.

to sidestep yet another government shutdown. The House voted 335-91, and the Senate voted 88-9 to advance the measure. How did this get done? Basically, $6 billion in Ukraine aid was left out .

The interesting aspect here is that while oil prices are hurting companies, another rate hike could raise the cost of capital for companies with big-time debt such as Carnival. It's a weird moment in time for the economy, and companies are voicing their concern for the short-term path forward. Sure, companies often sandbag their guidance. It's still not good to see negative pre-announcements in my humble view — it's a sign dynamics in a business are surprising executives enough to communicate to markets a valuation adjustment is needed.I’m a Self-Made Millionaire: Here Are 5 Stocks I’m Never Selling

I’m a Financial Planning Expert: Here Are 5 Things You Should Never Spend Money on If You Want To Be Rich

 

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