It (Still) Looks Like A Bear Market For US Stocks

The good news is that a big slice of the macro challenges are self-inflicted, including the partial government shutdown that’s slowly but surely creating headwinds for the economy. As a result, the potential to resolve Washington’s political impasse is, in theory, waiting in the wings: several bills in Congress are set for votes this week to end the shutdown.

Reopening the shuttered government offices isn’t a silver bullet, but it would surely give Mr. Market a new reason to cheer.

Will the Washington circus fold its tents this week? The upcoming votes in the Senate offer hope, but with limits. As Bloomberg reminds, the fog of uncertainty is still thick.

Donald Trump’s closest advisers have competing senses of what the president would be willing to accept as part of a deal with Democrats to reopen government, underscoring the difficulty negotiators face in bridging the impasse over border security funding.

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