Yesterday, I wrote that ‘there’s only one trade that ever works on a government shutdown’ and said:

The only trade that’s ever worked surrounding a government shutdown is
to fade any initial market moves, because it’s always resolved.

Today, S&P 500 futures were down 30 points pre-market and now spoos are up 22 points and trading at a record high. In the overwhelming majority of cases, politics are a distraction for markets and that advice has served traders well for most of this year.