帮主郑重：美股创了新高，美国政府停摆了？这事没你想的那么慌

Core Viewpoint - The U.S. stock market has reached historical highs despite the government shutdown, indicating a disconnect between market performance and political events [1][3]. Market Reaction - The Dow Jones and S&P 500 have both hit record highs, with the S&P 500 stabilizing above 6700 points for the first time [1]. - The market's resilience is attributed to expectations that the government shutdown will be short-lived, as historical precedents suggest that prolonged shutdowns can negatively impact the economy and credit ratings [3]. Employment Data - The ADP report indicates a decline in private employment by 32,000 jobs in September, suggesting a softening labor market [3]. - The upcoming non-farm payroll report is critical, as the government shutdown will delay its release, impacting Federal Reserve decision-making [3]. Inflation and Valuation Concerns - Inflation remains a concern, and stock valuations are at high levels, raising questions about future Federal Reserve policy adjustments in the absence of key economic data [3][4]. Long-term Investment Perspective - Investors are advised to focus on long-term trends rather than short-term market fluctuations or political events, as the current market highs are driven by expectations of a quick resolution to the shutdown and stable Federal Reserve policies [4][5].