Morning Note | May 26, 2023

Good Morning!

Markets are rallying again as investors bet on a debt ceiling resolution.  Despite the last two days, on a weekly basis, the Dow and the S&P 500 are on pace for losses, down nearly 2% and about 1%, respectively. The Nasdaq has a small gain of 0.3%.

Yields are lower with the US dollar weaker.  Overnight headlines suggests that a deal on the d…