yes, it’s not rocket science lol, govt shutdown has gone on longer than expected, govt shutdowns aren’t unheard of, they’ve happened plenty times in the market before, the issue is it’s dragging out leading to govt losing money, people not getting paid, benefits not being given, no economic data, air traffic control not working, this is detrimental to a country.
You don’t think this is more a reason for the market to dip than a fed decision that was largely already expected?
Read between the lines, he’s going to pressure the GOP senators to push and end the filibuster, why would he be meeting directly with dems.
Dems have less incentive now with the nyc win to keep the govt closed, it’s bad for everyone the more it drags out
I mean the whole AI bubble rhetoric is nothing new. It’s been spewed for the last 6 months and companies continue to produce better earnings and increase capex. That was not the main driver here
This dip was mostly due to the govt shutdown, market hates uncertainty, nothing more uncertain than not having a functional govt and having a data blackout
PREDICTION: The market will face tear upward when Govt shutdown is over before Thanksgiving Holiday.
It's very Trumpian to settle big things before holiday. He's old fashion. He loves his American holidays and Christmas traditions. Most of the events this year were around Easter, Memorial Day, Independence Day. The next biggest holiday is Thanksgiving, last week of Nov. He'll enjoy telling us how thankful we should be for the bull market during Thanksgiving. Very Trumpian.