The government shutdown, now the longest in U.S. history, has dragged on for over 40 days. And now, having already missed one paycheck, hundreds of thousands of federal workers are set to miss another one. Beyond the direct and painful hit to families, the blow to consumer incomes risks derailing consumer spending, which accounts for…Read more
Speed Bumps Markets have been bumpy in recent days, which inevitably increases the chatter about risks of a deeper pullback. Investors are left to decide whether they believe this is a short-term shakeout in a bull market or something more ominous. The warning signs of late: S&P 500 -2.3% in the past week, gold -10%…Read more
If this were a normal week, we’d be talking about the Friday jobs report, the state of the economy, and the possibility that the Federal Reserve won’t lower interest rates again in December, especially in light of Chair Jerome Powell’s comments last week. But it’s not a normal week. The government has officially been shut…Read more
