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Biden Says US Will Not Default Before Leaving For G7 Meeting; GOP Senator Says White House Playing ‘Russian Roulette’ With Economy

The U.S. will not default on its debt as it faces a deadline to increase its borrowing limit and will not default in the future, President Joe Biden said in a White House speech Wednesday before departing for a G7 meeting in Japan. 

SPY

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Pessimism Reigns Supreme Among Fund Managers: Bank of America Survey Reveals 5 ‘Contrarian’ Trades To Watch

A survey conducted by Bank of America Corp. revealed fund managers' pessimism reached the highest level in 2023 as investors increased cash balances and became more pessimistic about growth.

IUSV