douglas5

U.S. shutdown is ending, but the market fallout isn’t evenly spread.

ACA-heavy health insurers took the sharpest hit because Congress reopened without fixing subsidies, so their rebound will likely be limited. Meanwhile, defense and federal-services names look set for a cleaner recovery as Washington starts paying and awarding contracts again. Airlines should improve too, but only as FAA capacity returns.

Global markets opened the week unsettled by political upheaval in Japan and France while U.S. traders braced for critical inflation data and the looming Fed meeting. With bond yields plunging, currencies swinging, and oil prices climbing, investors face a September shaped as much by politics as by policy.

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