Market was helped by POMO yesterday, but my hunch is that redness will overpower any POMO going forward.
Obama does not want a default under his watch, and should think about negotiations, but again he has drawn a red line by saying he will not negotiate.
We have big uncertainties.
would the pos really default if the debt ceiling weren't raised? just to punish the nation? like a vindictive punk? the way he barricades national parks that cost nothing to run?