The shutdown looms

Over the weekend, the House passed another continuing resolution, which will see the floor of the Senate on Tuesday morning.  Therefore we will probably shut down our government for at least a little while.  The markets obviously don’t like this path and have such shown displeasure by selling down close to 1% so far.   This is just beginning of the volatility we spoke about over the last few weeks.  The debt ceiling is truly the big fight that has yet to be resolved.  We have two weeks to go and there is not even a discussion on the table.  This first little shutdown may push the parties to come up with an agreement on the debt, and that would be a good thing.  Time to buckle down, but know that when this is all over, the market is likely to bounce back quickly.

You can follow Granite Group Advisors on LinkedIn and learn more about our Corporate Retirement Services and Wealth Management in our Website.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: