Strawberry Blonde's Market Summary: U.S. Government Shutdown Looms...$7.8 Trillion at Stake

WELCOME

Welcome and thank you for visiting!

The charts, graphs and comments in my Trading Blog represent my technical analysis and observations of a variety of world markets...

* Major World Market Indices * Futures Markets * U.S. Sectors and ETFs * Commodities * U.S. Bonds * Forex

N.B.

* The content in my articles is time-sensitive. Each one shows the date and time (New York ET) that I publish them. By the time you read them, market conditions may be quite different than that which is described in my posts, and upon which my analyses are based at that time.

* My posts are also re-published by several other websites and I have no control as to when their editors do so, or for the accuracy in their editing and reproduction of my content.

* In answer to this often-asked question, please be advised that I do not post articles from other writers on my site.

* From time to time, I will add updated market information and charts to some of my articles, so it's worth checking back here occasionally for the latest analyses.

DISCLAIMER: All the information contained within my posts are my opinions only and none of it may be construed as financial or trading advice...please read my full Disclaimer at this link.

Friday, January 19, 2018

U.S. Government Shutdown Looms...$7.8 Trillion at Stake

* See UPDATES below...

As Democrats threaten to shut down the government at midnight tonight (Friday) without passing the 2018 budget, $7.8 Trillion hangs in the balance (gains made since the 2016 Presidential election).

The following monthly charts show prices of the Dow 30, S&P 500, and Nasdaq Composite Indices as at 12:15 pm ET today, with the blue horizontal line marking election-day prices.

A lot of investments (including pension funds and 401K accounts) in the U.S. stock markets are at stake...stay tuned for what market chaos may await next Monday.

If only my ancient crystal ball had come with automatic upgrades...👀

Source: ZeroHedge.com

* UPDATE @ market close...

The S&P 500, Nasdaq Comp, and even the Russell 2000, made new all-time high closes today, while the Dow 30 closed at its high of the day (just 44.13 points shy of its all-time closing high), as shown on the following daily charts.

Midnight approaches with no deal struck in the Senate yet...

* UPDATE January 20 (just minutes after midnight)...

And, so a shutdown begins, as Democrats voted against a bill to continue funding government spending...there's no indication as to when this might be resolved.

It's interesting to note that members of Congress do, however, continue to receive their pay during these shutdown events.

U.S. stock market reaction should be "interesting" on Monday.

Welcome to your first year in office, Mr. President!