The threat of a government shutdown is not positive news for the markets. Advance Trading Risk Management Advisor Tommy Grisafi cites the USDA crop report that is coming out in October. “That could get delayed and once that data gets delayed that date becomes corrupt, like a hard drive with a corrupt file,” said Grisafi. “From that point on, everytime economic data is released like a USDA report they’ll say we were shut down for a couple weeks and that data isn’t quite right.” In addition to distorted economic data, Grisafi is seeing less speculation in the stock market and the commodity markets “and we’re losing volatility in interesting commodities.”
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