Marc Bentin
Daily Close
As we suggested yesterday, bad news being no news and good news being… good news, investors snapped up the small (government shutdown related) morning dip, sending the S&P to a new record close (+0.6%) on news that the shutdown would end after 3 days. At the margin, the IMF latest World Economic Outlook released yesterday in Davos cited the US tax cut as a short term boost to the US economy “for now” and reflected on the broadest synchronized global growth upsurge since 2010,