Government Shutdown

The Federal Government Shutdown, begun Thursday 10/2, continues with no obvious end in sight.
Policymakers and markets have entered uncharted territory without employment data that the government withheld because of its shutdown.
In the past, when the market was overvalued as it is now, a 60/40 portfolio almost always beat the S&P 500 over the subsequent decade.
The S&P 500 bottomed in March 2009 after the Global Financial Crisis at the scary number of 666; it has now topped 6,666. Meanwhile, CAPE suggests that stocks are at their most expensive since the dot-com bubble.
Source: “The Madison Weekly Market Wrap”, October 6, 2025.
