DC’s shutdown hasn't stopped the stock market. Here’s what may

Market Performance - The U.S. stock market continues to rise despite the government shutdown, with the S&P 500 and Dow Jones Industrial Average reaching all-time highs [1] - The Russell 2000 index of smaller stocks has also set a record after nearly four years, indicating broad market strength beyond just Big Tech [2] Economic Indicators - Past government shutdowns have had minimal impact on the stock market and economy, leading many investors to expect similar outcomes this time [3] - The market has surged 35% from its low in April, with expectations for further growth [3] Valuation Concerns - Stock prices have increased at a faster rate than corporate profits, raising concerns about market valuations [3] - The S&P 500 is near its most expensive level since the 2000 dot-com bubble, as indicated by a measure popularized by economist Robert Shiller [4] Speculative Investments - There is a notable rise in stock prices for speculative, money-losing companies, which have outperformed profitable counterparts recently [5] - Concerns are growing about these speculative bubbles, as they are generally seen as negative indicators for market health [6]