Signs that we’re in the endgame of the US government shutdown mount | investingLive
This US government shutdown will end, just like all the others. It’s why the dip in equities on the day it started was an easy buying opportunity, something I repeatedly touted.
The question is: Will the market rally even further when it’s settled? I’d say that’s likely and I can’t really see a scenario where it’s bad news that the government is re-opened.
A few things are lining up to indicate that we’re in the endgame:
- An Axios report last yesterday about a bipartisan group floating a compromise
- The US Transport Secretary saying he may have to close parts of US airspace next week if the gov’t isn’t opened
- SNAP benefits running out, cutting off food to as many as 40 million Americans
- Trump’s disapproval rating rising
Now there is a WSJ report saying Senators were increasingly optimistic about a deal.
Several lawmakers who returned to Capitol Hill on Monday evening said they believed the shutdown would come to a close by the end of the weekend.
Today it will become the longest US shutdown in history.