The prior US government shutdown was a disaster and I’m getting the sense that it didn’t poll great with Republicans either because Trump is now changing up his rhetoric. He says he will work in a bipartisan way to avoid a shutdown.
During the last shutdown he wouldn’t even meet with Democrats so this is a different tactic.
Time is short though so we will see what happens. I’d say these odds are far too high but that doesn’t rule out a 2-3 day shutdown, which is fairly inconsequential for the real economy.
This shutdown talk is good for equities and could help lift them off the lows.
This article was written by Adam Button at investinglive.com.