Ryan Kittredge on Market Outlook Amid Government Shutdown
By-Hank Stolz
Photo-Submitted
WORCESTER, MA– ClearPath Financial Partners President Ryan Kittredge joins the Talk of the Commonwealth to explain the ongoing effects of a government shutdown. Kittredge explained that the shutdown’s direct financial impact on the average person was minimal, though a prolonged shutdown posed greater risks to the market by delaying key economic data. “A prolonged shutdown, if it’s going past a few weeks or a month, there’s definitely more downside market risk and investor weariness may set in at that point.” Kittredge said “…the market is still at this point pretty optimistic based on the underlying trend data and the corporate earnings that keep sort of justifying the new prices that we keep hitting at all-time highs.” He feels the market is looking past the shutdown to factors like strong corporate earnings and the prospect of two more quarter-point interest rate cuts by the end of the year.
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