By Paul R. La Monica, CNNThe market is bracing for a perfect storm of bad news. The impending debt ceiling drama in Washington. Some on Wall Street are hoping that the worst case scenario can be avoided, though. And even though that still seems unlikely, investors are no longer shrugging off debt ceiling worries and other negative headlines. There’s a saying on Wall Street that bad news for the economy is actually good news for the stock market and vice versa.

Source: CNN January 19, 2023 18:56 UTC