The Government Shutdown Begins

According to a report in Yahoo! Finance on September 30, 2013 and quoting Sam Stovall, “The peak-to-trough decline associated with the shutdown of the U.S. government between 12/16/95 and 1/6/96 saw the S&P 500 decline 3.7%, only to witness a jump of 10.5% in the subsequent month.”

Comments and questions are welcomed.

Bob Bilkie, CFA