The beginning of a new fiscal year Tuesday was punctuated by the government shutdown. A total of 800,000 furloughed federal workers were sent home without pay, national parks and museums were closed, and the release of economic reports was delayed. President Obama canceled his trip to Asia, citing difficulties traveling while the government is shuttered. Next up: A contentious vote on the debt ceiling Oct. 17.
What follows is Money and Markets’ weekly wrap-up with links to columns written by Weiss’ investment-newsletter editors.
While Democrats and Republicans can’t agree on the federal budget, there is little talk about the efficiency of government spending. In his Monday article, Larry Edelson called out the irresponsibility of our leaders and gave advice for investors on how to profit during this crisis.
J.R. Crooks revealed his prediction for natural gas — according to his charts, this commodity is set to rally again soon.
Continuing the discussion about the Fed’s decision not to reduce its stimulus program, Douglas Davenport analyzed its implications for the stock market, arguing it is causing even more uncertainty among investors.
As soon as the government shutdown became official, the Money and Markets Team released a special report answering questions readers might have had, with some surprising results.
Addressing the concern about the future of the dollar, Bill Hall wrote a column explaining why he remains bullish on the greenback.
For those who wonder about the shutdown’s impact on investments, Mike Burnick shared the news that stocks may actually gain from it.
After the announcement that Obama met with CEOs of major financial institutions, J.R. Crooks wrote an article that was critical of the revolving door between Wall Street and Washington.
For Douglas Davenport, “we are now in a stock picker’s market,” he says. After he analyzed various sectors, Doug concluded that consumer-discretionary stocks look attractive.
Mike Larson ended the week with his views on the worst-case scenario that might happen as a result of the gridlock in Washington. He also suggested investing ideas to protect your wealth in times of uncertainty.
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The Money and Markets Team