The flu has ravaged the country this winter. People are dropping like flies, as this year’s flu shot has proven less effective as a variety of flu strains have circulated.
Today, the Centers for Disease Control and Prevention announced that for the first time in its 13 years of monitoring the flu, the continental U.S. has shown “widespread” flu activity.
The impact of this flu season could cost employers more than $9.4 billion in lost productivity, according to Challenger, Gray & Christmas.
But the flu isn’t creating the only shutdown that should concern investors right now. Luckily, there’s a shining star waiting in the wings to soar…
Don’t Brush off This Shutdown
Nobody likes to make a budget and actually stick to it. Washington is certainly no different.
But agreed upon funds to keep the government’s lights on run out at midnight tonight. While the House of Representatives pushed through a one-month stopgap measure on Thursday, the chances of it passing the Senate are looking pretty grim.
The potential for a partial government shutdown is looking strong. And even a brief shutdown could add uncertainty to the market.
Since 1976, there have been 18 government shutdowns, and only 44% of those saw the market close higher during that time frame.
On average, the market has fallen 0.6%.
I’m sure you’re thinking: “But you’re being silly. A 0.6% drop is tiny.”
And you’re right. A 0.6% drop really is… well, just a drop in the bucket. But let’s consider the market’s recent run.
The S&P 500 has gone 394 days without a 5% drawdown, according to Goldman Sachs. That’s tying the longest stretch in the market’s history.
We’re facing an overstretched market, and it’s looking for an excuse to let off a little steam in the form of a pullback.
Under normal circumstances, a brief government shutdown wouldn’t have much of an impact. But we’re not trading under normal circumstances.
Washington turmoil could be used as an easy excuse to take some profits off the table, sending stocks sharply lower.
However, there is one standout this year that could easily weather a government shutdown and a stock market sell-off.
Gold Is the One Stronghold You Need
Gold has enjoyed a stellar rally. After putting in a short-term bottom on December 12 at $1,238.30, the yellow metal has rallied 7.7%.
Over the same time period, the S&P 500 Index has gained 5.1%
Gold is a favorite among investors during times of turmoil and uncertainty.
Load up on Gold Now
Gold has surprisingly outperformed the broad market over the past month, and it’s likely to maintain that uptrend through a potential pullback in stocks.
You can leverage those golden gains through mining companies that are set to announce solid earnings on the strength in gold’s price.
As the Senior Managing Editor for The Sovereign Investor Daily and Winning Investor Daily, Jocelynn handles the day-to-day operations for bringing you the Banyan Hill team’s daily insight. She has spent over a decade working as an editor for financial publications. A former trader, Jocelynn has spent 15 years in the financial industry.
Article Source: https://EzineArticles.com/expert/Jocelynn_Smith/2278265
Which Company Do We Recommend?
Regal Assets will walk you through and answer all of your questions. They will go over the different options you have and no time pressure you the sale or tried to direct you into anything. Their style is customer come first and foremost. They will also take the time to educate you on precious metals investing since this is YOUR retirement money. When you call, you will be directed to one accountant representative and he or she will answer every phone call or email from going forward.
Still have questions? Let Regal Assets give you clarity and earn your trust.
As if all that’s not enough, this company is most responsible and trustworthy business practices demonstrated by the A+ rating with the BBB. you’re guaranteed fast, efficient access to any gold you decide to order with a 7-day delivery guarantee as well.
We’ve done an extensive Regal Assets Review here… This company is listed #20 on INC 500’s for Financial Services, and a preferred membership with TrustLink.