The US Government shut down has entered the 32nd day, and is by far the longest government shut down. One is poised to ask the question: Does what has not been open for a month affect me? Well, I can tell you with a resounding answer, yes, one thing. My known traveler number expired, and I had to go through the full TSA screening. I now miss the government being open.
The economy is chugging along, even with the political rhetoric. The S&P 500 had a 52 week high of 2,940 and a low in December of 2,346. Since the low, we have rebounded back to 2,670 today. In percentage terms, we fell 20% from the high, and we have now recovered nearly 14%. It has been a good recovery, and very quiet.
On a different note, I am excited for the super bowl on February 3rd (it is at 6:30 pm if you are wondering). The games on Sunday were really exciting. I look forward to LA beating New England.
Contact your MFA advisor to discuss ways to grow profitability in this volatile market. All of us at McQueen Financial are dedicated to your long-term financial success.