Republicans and Democrats in the US congress recently closed/did a deal on the debt ceiling.
The immediate result is that until the end of 2023, 1.3 trillion of USD of US debt securities must be successfully issued.
This historic supply of US treasuries by the US government, ranked third after the 2008 Great Recession and the 2020 COVID-19 issuing activity increase, will put upward pressure on US treasuries' yields and probably lift them up above 4.00 % for the 10 year US treasury.
US 10 year treasury yields above 4.00 % will make the United States Dollar, USD appreciate and put downward pressure on global stocks' prices, US technology stocks, especially, could suffer the most. This effect will be magnified by the Federal Reserve curtailing its balance sheet
However, there is more than 10 trillion USD of created, printed that is, money, that is already multiplied two times, at least, according to Wolfteam Ltd.'s admittedly 'back on the napkin' estimates.
All this free liquidity could provide support for US stocks, for the prices of US equities of technology companies in particular and they can even rise, instead of falling as orthodox economic theory dictates.
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