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FEX - Sentiment Speaks: The Market Should Have Crashed Yesterday
First Trust Large Cap Core AlphaDEX Fund
While it did not get a lot of attention, Congress failed to increase the debt ceiling this past weekend.
We have been told many, many times that, if they failed to increase the debt ceiling in the past, it would have serious negative repercussions for financial markets.
It seems we have struck yet another market fallacy, as the market yawned at the news.