A massive spending cuts/debt ceiling deal that could resolve the threat of a US default is causing markets around the world to surge on this first day of the month.European markets are all up about 1%.
US futures are up over 1%.
Gold and silver are both down. The dollar is up nicely against the yen.
Basically, the market is reacting as you’d expect it would the day after a gun pointed straight at the head of the economy became un-cocked.
On the other hand, the “deal” isn’t a deal until everyone votes on it, and that’s no sure thing yet. Today could be rocky, as both sides whip the votes.