S&P 500 Closes Right Below 6,800, Setting a New Record

"It’s not the note you play that’s the wrong note – it’s the note you play afterwards that makes it right or wrong." ― Miles Davis

Good evening, 

Investors have been nervous and uncertain in the past two weeks. At our weekly research huddle, Fundstrat Head of Data Science Ken Xuan suggested that this was an indirect result of the federal government shutdown, which has largely cut off the flow of macroeconomic data. "As time goes by, the more time we go, the more uncertainty we feel. That's because we just don't have data to know where we are," he said.