 Hey everyone, this is Dan. On Saturday, May 27th, 2023, the news came out that President Joe Biden and the House Majority Leader Kevin McCarthy reached a tentative debt-sealing deal to avert default of the U.S. national debts. It is still pending a vote in the House of Representative in which the Republicans have a majority. If the House passes the bill, it should sell through the Senate easily because the Democrats have a majority control of the Senate. Does that mean the stock market will shoot up from here? Let's look at what happened to the market during the last three times when the debt-sealing crises were resolved. They happened in 2011, 2013, and 2021. Based on the news developments in those years, the debt-sealing issues were resolved on August 2, 2011, October 16, 2013, and October 7, 2021. Let's use those three days as the starting points and look at how the S&P Index ETF spy changed after the starting points. The chart here shows in 2021, which is represented by the gray line, that SPY went down about 1% five days after the starting point. That's when an agreement was reached to resolve the debt-sealing. But SPY went up more than 3% 10 days later and went up more than 7% 30 days later. For 2013, which is the orange line, SPY also went up more than 5% after 30 days. For 2011, which is a blue line, it doesn't look too good. SPY actually went down more than 7% after 30 days. Why was 2011 so bad? The main reason was that a major credit rating agency, Standard & Poor's, downgraded the US National Debt from AAA to AA+, three days after the agreement was reached to lift the debt-sealing. The stock market tanked right after that. If you're interested in what you've seen so far, I'd like to suggest for you to click the like, subscribe, and notification buttons that'll enable you to receive notification when I post my next video. It'll also encourage me to make more videos like this in the future. Thank you very much. We have a lot of interesting stuff to cover. Let's continue. In 2013, DAGON Global Credit Rating, which is a state-owned credit rating agency based in China, downgraded US National Debt from AAA to AA+, just one day after the debt-sealing crisis was resolved. The downgrade did not negatively impact the stock market in 2013. That's because DAGON is not nearly as influential as S&P. The major credit rating agencies are Standard & Poor's, Fitch, and Moody's. Before a major credit rating agency downgrades the US Debt, it usually issues warnings. In 2023, we have heard of the following warnings. On May 24th, Fitch put the US on notice for a potential credit downgrade, and on May 25th, DBRS also put the US Debt on downgrade notice. In the meanwhile, on a positive note, Treasury Secretary Janet Yellen originally said the US was going to run out of money to pay its debts on June 1st if the debt-sealing were not raised. But on Friday, May 26th, Secretary Yellen revised the drop-debt date from June 1st to June 5th, considering that the Congress still has a few more days before June 5th to pass the bill to lift the debt-sealing. There is still a very good chance that the US debt will not be downgraded by the major credit rating agencies. If there is no downgrade, the market will behave more like 2013 and 2021. That means the market will go up if there is no credit downgrade in 2023. In light of all these, what are my investment strategies? I've sowed some of my long positions on May 16th to lock in profits, expecting some last-minute suspense and debt-sealing negotiations between the administration and the GOP Congressional leaders. I will buy long positions such as SPXL, TQQ, ASML, AMD, Alphabet as soon as the debt-sealing is lifted. And I might short the market by buying SPXS or SQQQ if the debt-sealing is not lifted by June 5th, 2023. And I'll update my Twitter subscribers almost on a daily basis. If I don't hear of any deterioration of the agreement between President Biden and Representative McCarthy in the next few days, I will most likely buy long positions. At this point, I'd like to suggest that you're subscribed to my Twitter account in addition to subscribing to my YouTube channel. I update my subscribers almost on a daily basis about important news related to the market. I also inform my Twitter subscribers about some of my trades. Thank you for watching all the way here. I'd like to remind you to click the like, subscribe, and notification button. As usual, I will very much appreciate your comments, questions, and suggestions. I'd like to remind you that I'm not a financial advisor. I share my stock trading strategies and analyses for educational and entertainment purposes only. If you want to buy or sell stocks, you should make your own decisions, and you should definitely consult with your financial advisors before you do so. This wraps up my video for now. I will chat with you again in the next few days. In the meanwhile, I'd like to wish you the very best of luck with your financial investments.