economy. i want to talk about the markets a little bit. the market has been on track for its best year in two decades, this is despite the trade war, slowing global economy. a president who has been impeached. what s going on? what s juicing the market? the stock market is on a tear. it s on track. there s two trading days left this year to have its best year in two decades. basically, president trump has been good for stocks since he s been elected. the stock market has skyrocketed. reached all-time highs. all major indices. moving forward in 2020, many investors expect we ll get modest gains. but the biggest market event that investors are paying attention to, even though it s ten months out is the 2020 election. that s really where their focus is right now. you have to financial firms that are making bank. they re basically offering candidate baskets. a bundle of investments, depending on the different
they cover their heads to keep the spirit in the body through the night. in the morning maria leaves again for el nino. the red bull in a cooperative has rented a van to take its employees and their handicrafts to a local market event called the tree. it s held once a year and attracts traders and customers from all over even neighboring she lay and bolivia in the news. all that little bit would. be bulldozed. or that little bit would. come.
because i think the market is expecting that this shut down is going to have an effect on gdp, which is going to mean the fed is more likely to be put on hold. that was the thing that really has the stock market concerned. the other thing that we re seeing in the stock market is kind of a bounce back from seriously oversold conditions by the end of last year. right now the stuff that did really badly towards the end of last year is doing the best so far this year. so it s more of a technical rebound. neil: so jonas, if this were to drag on much longer and everything i m hearing from the principals involved, cancelled trips and speeches and forcing a president to not do his state of the union said this could be weeks, maybe months away from being resolved. what do you think? could be. it s also like probably the best market event in a shut down in all the shut downs we ve had. it s the opposite of weighing on stocks. maybe people think the federal
deal with this. and on and on. major brokerage houses fearing this could collapse growth. i could go on. those are hidlines. what do you think? it s not good. it s really not good. i hope that when we look back on this, we ll thing, okay, this was brilliant and all turned out great. the economy rebounded and a really good move. right now, the art of the deal is likes like a candinski. neil: jonas, would you recommend people keep an eye on this and that there could be a market impact or is this noise? childish political tit for tat back and forth, just noise nor the time being? i don t think it s a market event yet but it won t mean it all of a sudden. i don t think behavioral changes have kicked in. it s like a short hurricane that comes through and maybe there s a little change. if it s a hurricane that hangs around for months, where people are not booking flights because they don t want to wait in line, there s going to be economic
down. it is not as big a negative as you would think. a government shutdown would evolve into like we would not pay the debt payments. it was not going to be a real market event. it looks like the market crashed really bad and it must be the shutdown. there were so many other things going on. much more important. we had shutdowns before. now the budget deficit is growing and has no real plan to be solved partially as a result of tax cuts, partially as a result of spending going up. some of that on autopilot. that is an ongoing issue that could lead to debt problems and it s just the market. we were no closer to solving that problem a year ago than we are now. some people are going to say leland: are at the point where this be a self fulfilling prophecy. are all of the margins beat out of the market yet? first of all, usually 20