Government Shutdown Risk Raises Stakes in Already Difficult Week

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Government Shutdown Risk Raises Stakes in Already Difficult Week
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Market Overview Analysis by Michele Schneider covering: S&P 500, US Small Cap 2000, SPDR® S&P Retail ETF, iShares iBoxx $ High Yield Corporate Bond ETF. Read Michele Schneider's latest article on Investing.com

We do not want to walk down the political aisle. Nonetheless, what person can turn their heads away from the Sunday deadline on funding the government?

With a 90% consensus that the funding will not pass, the bounce we saw in equities last week could be short-lived.) had a technically perfect mean reversion in momentum and a classic glass bottom reversal. Coming into Friday, 3 of our risk gauges said risk neutral. That gave us hope that our Granny Retail could lead us out of harm’s way.For that answer, we turn to another old reliable friend, high-yield, high-debt junk bonds.

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