As of now, the U.S. government is still on track to shutdown tomorrow in the absence of a spending plan for the new fiscal year approved by the nation’s leaders. Forecasting what the market reaction to this will be is difficult since reactions to previous shutdowns have varied.
Reuters has looked at the 11 U.S. government shutdowns that have occurred since 1981 and charted the S&P 500 performance before, during, and after each. Generally, the performance after a shutdown period has ended has been positive. The most recent shutdown in 1995 was followed by the S&P 500 gaining nearly 5% in one month.
Axon Capital Up 60% In 2020; Says These Tech Stocks Are Value Stocks
Axon Capital was up more than 60% for the first 11 months of 2020 after making some changes to deal with the year's challenges. In his delayed third-quarter letter to investors, which was reviewed by ValueWalk, Axon's Dinakar Singh noted that the year was not only "incredibly stressful" but also "successful." Q4 2020 hedge fund Read More