Past shutdowns offer little in way of predictable market direction

|By:, SA News Editor

We didn't start the fire. Today's government shutdown is the 17th in the last 100 years, with 16 of those occurring since 1976.

Compiling the returns of the S&P 500 (SPY) during those other episodes, Raymond James' Jeff Saut finds little to base a market call on - the median return is negative 0.1% and returns are positive 47% of the time.

S&P 500 ETFs: IVV, SPY, VOO, RWL, SFLA, SSO, UPRO, SDS, SPXU, SH, EPS, RSP, BXUB, BXUC, BXDBIVW, RPG, SPYG, VOOGSPYV, IVE, RPV, VOOV, FTA.