There is 0% chance the debt ceiling won't get raised. I don't agree with the amount of debt they have nor their approach that it'll never be paid back.
However, if the US were to loose their AAA credit rating. It would completely destroy the US dollar and destablise their economy.
Politicians will never run the risk of being the person that did that to America. The love themselves far too much.
When the agreement gets made, the SP will rally, for how long I can't say. WR1 is perfectly positioned right now to take advantage of that rise and the increasing Li prices too. It doesn't need to go up everyday, so I am happy for it to consolidate around here till the announcement gets made that the debt ceiling will rise.
WR1 Chart, page-158
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Last
48.5¢ |
Change
-0.045(8.49%) |
Mkt cap ! $104.9M | |||
| Open | High | Low | Value | Volume |
| 51.5¢ | 51.5¢ | 48.5¢ | $363.9K | 735.2K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 52781 | 48.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 49.0¢ | 1404 | 1 |
View Market Depth
| Last trade - 16.10pm 08/08/2024 (20 minute delay) ? |
| WR1 (ASX) Chart |