Stock Traders Brace for Extended Shutdown Amid Lofty Valuations

The S&P 500 has, on average, been little changed through the last 20 shutdowns dating back to 1976. Ahead of the crucial earnings season, threats to the torrid US stock market rally are compounding. With no end in sight for the government shutdown, traders are gearing up for the aftermath as equity valuations are at eye-watering levels and the labor market shows signs of cooling. Most Read from Bloomberg Corporate America is set to start disclosing results next week and expectations are sky-high. The S& ...