The federal government shut down last week so we didn’t get the monthly employment report last Friday and I think that may be the best news investors have gotten all year. I expect a lot of government generated economic reports to be missed during the shutdown, which I think could drag on a lot longer than previous versions. With the political blame pretty evenly spread around so far, neither side seems to have much incentive to compromise. And so I think it will drag on until that changes and the high frequency economic reports we get every week will be a tad less frequent. I don’t expect the market to care much. ... (full story)