U.S. shutdown is ending, but the market fallout isn’t evenly spread.
ACA-heavy health insurers took the sharpest hit because Congress reopened without fixing subsidies, so their rebound will likely be limited. Meanwhile, defense and federal-services names look set for a cleaner recovery as Washington starts paying and awarding contracts again. Airlines should improve too, but only as FAA capacity returns.
U.S. shutdown is ending, but the market fallout isn’t evenly spread.
ACA-heavy health insurers took the sharpest hit because Congress reopened without fixing subsidies, so their rebound will likely be limited. Meanwhile, defense and federal-services names look set for a cleaner recovery as Washington starts paying and awarding contracts again. Airlines should improve too, but only as FAA capacity returns.
everybody is a loser in this shutdown