The US government shutdown is providing great headlines about Trump’s incompetence – it’s pretty hard to beat shutting your own government down when your party controls the legislative and executive branches – and equal measure to the lack of risk surrounding the shutdown. It will be over in a few days, nothing to worry about is the refrain
But what about the market risk? To recap how it got here first, a primer from VOX and how this one differs to the Obama shutdown in 2013:
Republicans are already trying to blame the Democratic minority in the Senate for threatening to filibuster a spending bill that doesn’t include relief for DACA recipients — unauthorized immigrants who arrived as children and who had been protected by an Obama administration executive action that Trump has since revoked. The White House has even started calling it the #SchumerShutdown, after the Democratic Minority Leader.