The partial government shutdown is now in its eleventh day. With the House Republicans potentially offering a new deal featuring both an increase in the debt limit and an end to the government shutdown in return for spending cuts on Friday. The Treasury Department is also now less than a week away  from running  out of money to pay the government’s bills.

The impact of the shutdown continues to expand as The U.S. Energy Information Administration will cease operations after today, meaning no new inventory data will be available until post-shutdown. The EIA it will cease operations and furlough staff today.

Despite these concerns, the Dow yesterday ended up 300 and S&P was up 36, ending at 1692 (which is practically the same point it was at when the government went into shutdown). All Index contracts were up over 2%. (past performance is not necessarily indicative of future results)

Will the Bounce Back Last?

• A Tweet About Something That Happened 40 years Ago Moved Markets Today – (Business Insider)
• Managed Futures Bloomberged, Part 1 – (John Lothian Newsletter)
• Bloomberg Takes Another Shot at Alternatives – (Dan Collins Report)
• Gold’s plunge blamed on one massive sell order – (CNBC)

Just for Fun

• Malala Yousafzai youngest person ever to be nominated for Nobel Peace Prize – (The Daily Show)
• Oops: Azerbaijan released election results before voting had even started – (Washington Post)