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* Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.
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Future Price Cone
The future price cone means the model thinks there is a 80% chance the price will land within the bounds of the cone. A blue cone is neutral, a green cone is bullish, and a red cone is bearish.
Model Correlation
Higher (closer to 1) means a more accurate model and lower (closer to -1) means a less accurate model. This is the Spearman Correlation between model predicted percent change and actual percent change calculated over the last 150 days.
Percent Correct (up or down)
This is the percent of the time our models predicted the correct direction of the price (either up or down) over the last 150 days.
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* Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions, you should consult a financial expert before engaging in any transaction.
Helium Summary:
President Biden and House Speaker Kevin McCarthy have been in talks regarding the US debt ceiling, with a June 1 deadline to avoid a potential default [NY Daily News].
The Treasury has said that the US could begin defaulting on its debts on June 1 if no agreement is reached [The New American].
Biden recently cut short his overseas trip to focus on the debt issue [NY Daily News].
May 26, 2023
Perspectives
President Biden's view
Seeks a clean debt ceiling raise without conditions [The New American]
House Speaker McCarthy's view
Advocates for spending cuts and limits for future government spending as part of the deal [The New American]
Q&A
What are the main differences between Biden and McCarthy's stances on the debt ceiling?
Biden prefers a clean debt ceiling raise without conditions, while McCarthy insists on spending cuts and limits on future government spending [The New American].
Sources show general consistency in the description of events and perspectives.
Some bias may be observed in the framing of certain texts, with some focusing on Biden's openness to negotiate [CNN] and others emphasizing McCarthy's challenges [NBC].
Context
The US debt ceiling issue comes amidst ongoing high-stakes political debates on issues such as infrastructure spending, tax reforms, and social programs, adding to the urgency and complexity of the negotiations.
Takeaway
As the debt ceiling deadline looms, Biden and McCarthy must reconcile their differing stances to avoid potential economic repercussions from default.
Potential Outcomes
1. Agreement reached: 70% chance, as both parties understand the risks associated with default and are engaging in negotiations [NY Daily News].
2. No agreement: 30% chance, if deadlock persists due to differing stances on conditions for raising the debt ceiling [The New American].
* Disclaimer: Nothing on this website constitutes investment advice, performance data or any recommendation that any particular security, portfolio of securities, transaction or investment strategy is suitable for any specific person. Helium Trades is not responsible in any way for the accuracy
of any model predictions or price data. Any mention of a particular security and related prediction data is not a recommendation to buy or sell that security. Investments in securities involve the risk of loss. Past performance is no guarantee of future results. Helium Trades is not responsible for any of your investment decisions,
you should consult a financial expert before engaging in any transaction.