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The Wealth Advisor

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The Wealth Advisor is today’s most relied-on source of news and education for planners and advisors. We scan the news so you don’t have to, sending you what you don’t want to miss…but don’t always have time to find yourself without poring through dozens of publications. The Wealth Advisor sends you a handy once-a-week list of the most important news, hand-picked by our staff for its importance to investment advisors and their practices.

Risk On: World Cheers Debt Ceiling Deal

(Bloomberg) Global markets are primed for a relief rally after US negotiators agreed to a tentative deal over the weekend to resolve a debt crisis that has battered risk sentiment in recent weeks.

The US dollar, which has benefited from angst around the statutory borrowing limit, edged lower against risk-sensitive peers as trading got underway in Sydney. Liquidity is set to be thin Monday, with US and UK markets closed for national holidays, although Treasury and S&P 500 Index futures will trade.