Wyn Thomas - Axys Investment Management

Weekly Market Commentary 25th January 2019

WHEN WILL THE US GOVERNMENT SHUTDOWN END?

This week the partial US government shutdown enters a new phase. Already the longest shutdown on record, this week will see a second missed pay
check for the federal workers caught up in the standoff. While the US economy and stock markets have so far largely been unaffected, from this point
on the effects are likely to be more severe. While many public employees could survive a month, many more will struggle to survive two. Disruption and
civil unrest are a real possibility. In an odd asymmetry, congressional staffers are getting paid, while White House staff are not, due to being included in
different funding packages. This might hint to which side will eventually cave. Read more…