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The latest attempt to end the shutdown, by passing a Republican-backed stopgap resolution through Congress, failed in the Senate for the 14th time.

Under normal conditions, the BLS on Tuesday would have reported its monthly Job Openings and Labor Turnover Survey.

The Investing Club holds its “Morning Meeting” every weekday at 10:20 a.m. ET.

This US government shutdown will end, just like all the others. It’s why the dip in equities on the day it started was an easy buying opportunity, something I repeatedly touted.

The question is: Will the market rally even further when it’s settled? I’d say that’s likely and I can’t really see a scenario where it’s bad news that the government is re-opened.

A few things are lining up to indicate that we’re in the endgame:

1. An Axios report last yesterday about a bipartisan group floating a compromise
2. The US Transport Secretary saying he may have to close parts of US airspace next week if the gov’t isn’t opened
3. SNAP benefits running out, cutting off food to as many as 40 million Americans
4. Trump’s disapproval rating rising

Now there is a WSJ report saying Senators were increasingly optimistic about a deal.

Several lawmakers who returned to Capitol Hill on Monday evening said they believed the shutdown would come to a close by the end of the weekend.

Today it will become the longest US shutdown in history.

This article was written by Adam Button at investinglive.com.

This US government shutdown will end, just like all the others. It’s why the dip in equities on the day it started was an easy buying opportunity, something I repeatedly touted.

The question is: Will the market rally even further when it’s settled? I’d say that’s likely and I can’t really see a scenario where it’s bad news that the government is re-opened.

A few things are lining up to indicate that we’re in the endgame:

1. An Axios report last yesterday about a bipartisan group floating a compromise
2. The US Transport Secretary saying he may have to close parts of US airspace next week if the gov’t isn’t opened
3. SNAP benefits running out, cutting off food to as many as 40 million Americans
4. Trump’s disapproval rating rising

Now there is a WSJ report saying Senators were increasingly optimistic about a deal.

Several lawmakers who returned to Capitol Hill on Monday evening said they believed the shutdown would come to a close by the end of the weekend.

Today it will become the longest US shutdown in history.

This article was written by Adam Button at investinglive.com.

The Nasdaq is testing the opening lows, though its held so far.

The dip-buyers have won almost every battle this year and looked to be doing the same shortly after the open. I fear that the change in the stance of the Federal Reserve takes away the Fed put and will make it more of a two-way market. On the flipside, the seasonals from now through December are exceptionally good.

There have been some various times this year of higher volatility where bitcoin has given a 5-30 minute warning sign ahead of broader selling in the Nasdaq. Keep an eye on that trade because it can be a good one.

Nasdaq intraday:

This article was written by Adam Button at investinglive.com.

CRE deal trends in September reveal several themes: Flight to quality, economic uncertainty hitting the hotel sector hard, and a growing interest in two sectors.

The USD/JPY pair declines on Tuesday to around 153.50 at the time of writing, down 0.40% on the day, as the Japanese Yen (JPY) attracts fresh safe-haven flows amid renewed global risk aversion.

The USD/JPY pair declines on Tuesday to around 153.50 at the time of writing, down 0.40% on the day, as the Japanese Yen (JPY) attracts fresh safe-haven flows amid renewed global risk aversion.

A reassessment of the Palantir valuation led to a round of profit taking among retail investors and that’s spread to bitcoin. Palantir shares are down 7% despite beating on earnings and revenue while Nvidia is down nearly 3%. The Nasdaq is down 1.5% as we await earnings from other meme-like stocks this week.

On top of that, the Fed pivoted to a more-neutral stance last week and that’s a headwind for risk assets.

Bitcoin is taking the brunt of it and is down 5% to $101,250.

Eyes are on $100K now.

This article was written by Adam Button at investinglive.com.