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I’m loathe to attach any market moves to the US government shutdown as it was never a reason to sell and shouldn’t by a reason to buy. That said, it would be nice if it ended and there was a slightly positive development that’s fitting within the ‘this weekend’ timeline that I outlined earlier this week.Cami Mondeaux from Deseret News reports:I’m told plan is to keep Senate in this weekend to work on reopening government. That could always change
Dems came out of their lunch appearing unified to hold strong on ACA demands for now. Few of them said they are seeing progress toward a solutionThat’s not much to hang a hat on but another day in stocks like today would certainly motivate all sides to compromise. On that front, the S&P 500 remains down 47 points but is more than 40 points from the session lows. All of that has come in the past two hours.The Nasdaq is still underperforming, down 1.3% while the Russell 2000 is down 1.4%.
This article was written by Adam Button at investinglive.com.
💡 DMK Insight
The potential US government shutdown isn’t a direct market mover, but it could create volatility if it drags on. Traders should keep an eye on how sentiment shifts as the deadline approaches. A resolution could lead to a short-term rally, especially in risk assets, while prolonged uncertainty might trigger sell-offs. Look for key levels in major indices; if the S&P 500 holds above its recent support, it could signal a buying opportunity. Conversely, a breach below that level might indicate deeper market fears, impacting correlated assets like cryptocurrencies and commodities. Here’s the thing: while many are dismissing the shutdown’s impact, history shows that political uncertainty can lead to unexpected market reactions. Be prepared for potential spikes in volatility as traders react to news over the weekend, and watch for any developments that could shift the narrative.
📮 Takeaway
Monitor the S&P 500’s support levels closely; a break below could signal increased volatility across markets as the government shutdown unfolds.
