The partial government shutdown could be a slow-moving train wreck for the US economy, but for the moment the crowd’s inclined to reprice the major equity sectors higher in the new year following 2018’s haircut. With the exception of utilities, year-to-date returns are positive across the board through yesterday’s close (Jan. 16), based on a set of sector ETFs.
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Pelosi urges Trump to delay State of the Union address: WSJ
UK’s May survives no-confidence vote: BBC
Jack Bogle, who launched index fund revolution, dies at age 89: CNBC
ISIS attack on US forces in Syria refocuses attention on US withdrawal: CNBC
US economy is ‘flying blind’ due to partial gov’t shutdown: Brookings
Half of debt in investment-grade bond funds are rated just above junk: WM
Business inflation expectations fell to 8mo low of 2.0% in Jan: Atlanta Fed
Import prices for US fell in Dec–largest drop since 2016: CNBC
Fed’s Beige Book: Concern among US businesses rising: WSJ
US homebuilder sentiment rises in Jan following 3-year low: MW