https://x.com/cmt_anthony/status/1973736637202124883
Anthony Esposito, CEO of AscalonVI Capital, told FOX Business that the benchmark S&P 500 index has risen on a net basis during the past 10 shutdowns, including the current federal funding lapse.
He said that “on a net basis, we see a positive return for the S&P 500 during those shutdown periods, and that return if you net them out is over 10% in a positive return,” Esposito said.
However, Esposito said that if this shutdown proves to be particularly lengthy and “we start to see less clarity as far as the economy, less clarity as far as where we’re going to end up and what the budget will look like, then I think that you could start to pull back in the market – participants may not be active sellers but they might not be as willing buyers, both would have the same effect on the market.”
