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Market Thoughts 10.10.13
Eric Freedman CAPTRUST Chief Investment Officer
Capital markets raced higher today on the prospect of a deal to raise the debt ceiling, albeit temporarily. While no deal emerged by the end of U.S. trading, investors seemed to discount that a compromise is in the works, with news reports that a bill to raise the debt ceiling could emerge as early as this Friday, October 11. We look forward to a resolution, but remind investors to look through the short-term “noise” surrounding the debt ceiling as the debate will likely reemerge later this year.
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