Technicals on a majority of stocks and markets say yes to a degree. More of a pull back than a full blown correction. The CCI has been significantly falling but the Fed just keeps pumping more money in.
There is still a chance that the debt ceiling debate could cause a problem. The Repubs want a budget before they pass a ceiling increase,and the Prez says it won't negotiate a ceiling increase. I don't have a feel for the outcome.
"The Repubs want a budget before they pass a ceiling increase"
I don't read it that way. If the Dems guarantee that the Senate will pass a budget within 3 months the Republicans say they will not block a debt ceiling raise at this time.No?
To your larger point. It ain't going to happen(the budget, but maybe the vote). Since the Senate has defied the Constitution and has not submitted a budget for 4 years now, do we really see them submitting one within 3 months??...more brinkmanship awaits on both sides...Days of Our Lives, "Take 9,888".