With the government shut down and political chaos taking center stage, the stock market joined in on the panic in a shortened session before the holiday. However, economic fundamentals remain solid, Lau tells USA Today.
Below is an excerpt from the article:
“The government shutdown doesn’t destroy the economy per se, but it destroys investors’ appetites to take on risk,” said Benjamin Lau, chief investment officer Apriem Advisors in Irvine, California.
The full article can be read here.