Another Brick In the Wall

The US equities markets have been on edge this week due to a variety of issues. One issue yesterday was the FOMC’s decision to raise rates again, as well as their projections of future rate hikes and thoughts on the well being of the economy. But today’s primary issue is concern about a possible government shutdown. The Trump administration and the Freedom Caucus are determined to secure funding for a border wall, but the DNC and many in the RNC are not. This has set the markets up for strong volatility, but ultimately a government shutdown is not as substantial an event to the economy as some might think. Here’s a recap.