Tom and Nick discuss the potential impacts of a government shutdown on the market, referencing historical data from past shutdowns. They analyze workforce impacts, potential delays in economic data releases, and business disruptions, including effects on travel and tourism. They also examine how the S&P 500 has performed during and after past shutdowns, noting initial declines and volatility, followed by stabilization and recovery. The conversation suggests a short-term bearish outlook with a potential buying opportunity, anticipating the market's historical resilience and rebound once the government reopens.
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