đșđž Shutdown Relief Wave Hits the Markets! đâš
After 42 days of political gridlock, the U.S. government is finally set to reopen â and the markets wasted no time celebrating! đ
On November 10:
âą Nasdaq surged +2.4% đ
âą S&P 500 climbed +1.6% đ
âą Dow Jones added +0.8% đŒ
Even though the shutdown racked up nearly $55B in economic damage and shaved off 0.8% GDP, investor sentiment is back on the rise. The VIX dropped sharply as traders look ahead to the delayed CPI & jobs report, key signals before the Fedâs December move. đđŠ
Technical Outlook:
đč S&P 500 staying strong above 50-day SMA (6670)
đč Resistance levels: 6765â6920
đč Dow holding firm above 47,000, with momentum favoring bulls đ
đ Historically, markets rebound fast after shutdowns â S&P 500 averages +12.7% over the next year. AI, defense, infrastructure, and consumer sectors are already showing recovery sparks.
đĄ Year-end rally mood ON! đąđ„
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