Bryan Bottarelli, Head Trade Tactician, Monument Traders Alliance Dear Reader, As of this writing, the U.S. government remains shut down... And yet it seems like Wall Street couldn't care less. It's quite telling to see the major market indexes hit fresh highs - all while our policymakers are sidelined. What does that say about their perceived effectiveness - or even usefulness? It's a little pathetic when the less work our elected officials do - the better the stock market performs. How long can this last? I'm not entirely sure - but we're soon going to test the longevity of this relationship. Especially when it comes to reported economic data. No Economic Data Leaves Us In a "Data Fog" The government shutdown, which is now entering its fifth week, means that we have not received any official government data on Q3 real GDP, consumer income and spending, and PCE inflation (among other indicators). The inability to gauge the health of the economy has now left us in a "data fog." Previous shutdowns have typically led to a 0.1% to 0.2% hit on GDP growth for every week that they last. Wall Street also knows that economic activity mostly recovers after the shutdown ends - which is why the stock market disruption (thus far) has been short-lived background noise. But really, how long can the markets shrug this off? | 
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