Beware the Ides of March


Reagan budget director David Stockman says republicans will fail to raise the debt ceiling and the government will shut down.

"By summer they'll be out of cash; we'll be in the mother of all debt ceiling crises; everything will grind to a halt."

Stockman says there's no way the "Trump Bump" can continue on Wall Street, but not everyone agrees with him.

America's Money Answers Man Jordan Goodman expects the Dow to hit 23k this year.

"There is a need to raise the national debt ceiling, as was set in the deal between Boehner and Obama; but I think you've got a republican Congress that doesn't want the government to grind to a halt and default on the national debt."

Goodman says Wall Street will remain bullish if President Trump follows through on his promises to get congress to cut taxes and ease regulation.

"I think the market is going to continue the Trump rally on the expectation that taxes will be cut; we'll have an infrastructure program and it will have a lot of deregulation -- all reasons the stock market rally will continue."

Goodman says republicans will vote to raise the debt ceiling and the Dow will hit 23k this year.


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