Now that summer is winding down and we’re beginning to look forward to the fall, the overall mood (and the weather) needs an adjustment. Markets are in a mood and have begun to traffic in rumor and innuendo with the combination of a dismal news cycle, scant data, higher gas prices and stubborn inflation.

Last week, the debt ceiling drama finally came to an end with a deal that appeared to satisfy no one.

We keep getting closer and closer to hitting the debt limit without a workable resolution. So, what can happen? There are several scenarios that could play out here…