Investors can 'completely dismiss' govt. shutdown concerns
01/02/2024 23:42
With another government shutdown and funding deadline looming, BTIG Director of Policy Research Isaac Boltansky tells Yahoo Finance Live that while "government shutdown risks are real", he advises investors to "push the noise from DC out of their investing thought process." Despite a lack of "meaningful progress on the basic foundations of [a] deal" and the high likelihood of a first-quarter shutdown in 2024, Boltansky believes it ultimately "should not matter to investors." "Any negative reaction from a government shutdown will be short-lived," Boltansky says. His only real concern is a prolonged shutdown compromising Federal Reserve data flows. However, given the hopes for an eventual recovery, Boltansky sees limited market impact from temporary DC disputes. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
With another government shutdown and funding deadline looming, BTIG Director of Policy Research Isaac Boltansky tells Yahoo Finance Live that while "government shutdown risks are real", he advises investors to "push the noise from DC out of their investing thought process."
Despite a lack of "meaningful progress on the basic foundations of [a] deal" and the high likelihood of a first-quarter shutdown in 2024, Boltansky believes it ultimately "should not matter to investors."
"Any negative reaction from a government shutdown will be short-lived," Boltansky says.
His only real concern is a prolonged shutdown compromising Federal Reserve data flows. However, given the hopes for an eventual recovery, Boltansky sees limited market impact from temporary DC disputes.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.