FYI: There have been 19 shutdowns since 1976. I’ve analyzed U.S. stock market returns for 19 periods, each beginning a week before the shutdown and ending a week after. During these periods, stocks achieved a return of about 1.51%. That works out to an average return of about 0.2% per day, which is well above average.
Stocks were up 10 times and down 9 times during the shutdown periods, as I defined them. I included the week preceding because rumors of a pending event often affect the market. I included the week after to take into account the quick snap-back that often occurs when a budget crisis is resolved.
Regards,
Ted
https://www.forbes.com/sites/johndorfman/2018/12/17/why-stocks-may-not-care-if-the-government-shuts-down/#27e2586b2666
