Week of December 23, 2024
A client asked why Trump wanted an increase in the US debt limit as part of the DC shutdown avoidance scheme. The rumblings in the Capital suggest DOGE will substantially reduce government spending but, as part of that process, employment buyouts are likely. This will temporarily INCREASE government spending. If DOGE is successful the trajectory for US debt will trend downward, a very favorable development. Our Signals remain unchanged.
Bob Bilkie, CFA.
