If history is any guide, then investors shouldn’t sell all their stocks and move into cash and gold amid fear of another government shutdown.
“History shows that U.S. government shutdowns generally have not meaningfully impacted equity returns,” points out David Kostin, Goldman Sachs chief U.S. equity strategist, in new research. Kostin crunched the numbers, and they support his view.
The S&P 500 posted median returns of -0.1% on the dates of budget authority expiration, 0.1% during the…
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