Washington lawmakers? They probably have you concerned about your portfolio. Because of the news cycle, it’s impossible not to see some unpleasant news about the government shutdown and its impact on the markets. However, based on the past, the market impact should be a yawn.
Take 1995 and 1996 for example, when the government shut down due to differences between political parties, the markets rose against the pessimism during those periods.
While past performance is no guarantee of the future, it helps to know we’ve seen this before.