Yahoo Finance: “A government shutdown isn’t necessarily bad for the stock market”By admin_45 in IN THE NEWS
Excerpt from Yahoo Finance quoting DataTrek's Nick Colas:
.... "While there were two brief shutdowns in 2018, the more notable one occurred for three weeks in October 2013, typically a volatile month for the stock market. The S&P 500 rose 3.1% from Oct. 1 to Oct. 17, 2013 — the duration of the shutdown.
“Government shutdowns are temporary and don’t really affect overall macro growth,” said Nick Colas, co-founder of DataTrek Research. “And they are common enough that markets have a track record to assess them as less important"....
Read the full article here on Yahoo Finance!