Welcome to the DC Today, your daily market synopsis of the Dividing Cafe, brought to you every Monday through Thursday to bring you up-to-date information and perspective on financial markets.

Well, hello and welcome to the Tuesday edition of DC Today. However, with our Monday format, because of the Monday

holiday, I still approached DC today as if it were a Monday, where I kind of go through the old

format and there's quite a few different categories of things. And, and you know, back in the old

days, a public policy day like this with the debt ceiling announced would get all the attention.

And I did that and yet still have a few little tidbits I want to cover about housing and the Fed and, of course, markets overall and some of the other types of things.

Let me just start, though, with the

debt ceiling issues because if I start talking about today's market action and some of the

other things that are far less important, my suspicion is I'll end up going too quickly over the

debt ceiling stuff.

First of all, let's just be clear.

It hasn't passed yet.

I do think it's going to.

And I've been following very closely kind of the political tea leaves.

The general rule of thumb, there's a political commentator who I read every single morning.

I subscribe to his work. His name is Mark Alperin and

used to be a Bloomberg. He's a media pundit, but he's an incredibly astute political commentator.

But he had a line this morning that if AOC and Marjorie Taylor Green are both a yes vote,

then a bill will pass. Now, he also had a lied about

if they're both a no vote, it will pass, but that was meant to be somewhat funny. The fact of

matter is you have two kind of polar opposite and pretty far extremes of their own respective

parties that are both indicating support of this.

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