Sunny Skies Ahead

Each major stock market index is up at least 20% YTD

Everyone will find something to dislike about today's budget compromise (Wall Street Journal: "it breaks....the discretionary spending caps"; Steven Rattner, NY Times: "We’ve irresponsibly slashed spending on important domestic needs") , but the overriding fact--and surprise--was that a deal was reached at all.

With another government shutdown seemingly averted, look for the market to continue higher through year-end.