Debt Ceiling Hurdle Cleared: Now What for Markets?

<p>While markets are calm after the debt ceiling resolution, disruptors persist. Liz Ann Sonders, Kathy Jones, and Jeff Kleintop join host Mike Townsend to discuss some of the key issues that could roil the markets throughout the second half of 2023. Liz Ann, Schwab’s chief investment strategist, discusses how the debt ceiling deal is good for the markets in the near term, but rising debt poses worries in the future. She also shares her thoughts on whether the market’s upward trajectory is sustainable. Then Kathy, Schwab’s chief fixed income strategist, offers her perspective on the bond market, concerns at the credit rating agencies about the U.S. debt load, and the Fed’s decision this week to pause its 16-month run of interest rate hikes. Finally, Jeff, Schwab’s chief global investment strategist, discusses the implications for international investors of Europe’s debt issues and the European recession, plus how the ongoing U.S.-China tensions could affect emerging-market investors. </p><p>And Mike breaks down the final debt ceiling bill to focus on what it does and does not accomplish and the work left for Washington to address.</p><p><i>WashingtonWise </i>is an original podcast for investors from <a href="https://www.schwab.com/">Charles Schwab</a>. For more on the series, visit <a href="https://www.schwab.com/washingtonwise">Schwab.com/WashingtonWise</a>.</p><p>If you enjoy the show, please leave a ★★★★★ rating or review on <a href="http://getpodcast.reviews/id/1478013779">Apple Podcasts</a>. </p><p><strong>Important Disclosures</strong></p><p>The policy analysis provided by the Charles Schwab & Co., Inc., does not constitute and should not be interpreted as an endorsement of any political party.</p><p>The information provided here is for general informational purposes only and should not be considered an individualized recommendation or personalized investment advice. The investment strategies mentioned here may not be suitable for everyone. Each investor needs to review an investment strategy for his or her