S&P 500 and High Yield Credit Extend Plunge as Government Shutdown Threat Revived

“Trader Talking Points:

• The post-Fed risk aversion spilled over to Asia and Europe, but US risks added yet another charge to bears
• President Trump dashed confidence that a US government shutdown would be averted, adding fundamental weight to existent unwind
• Both the BOE and BOJ struck a clear, dovish tones; Aussie, Kiwi and Loonie are dropping faster than data alone may warrant “

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