Markets Climb Despite Missing Data and Stretched Valuations

The past week delivered an intriguing paradox for equity markets. Even as the federal government remained shuttered into its second week, major indices marched relentlessly higher, with the S&P 500 climbing 0.58% on Wednesday to close at 6,753.72 while the Nasdaq Composite advanced 1.12% to finish at 23,043.38, both notching fresh all-time highs. This resilience speaks volumes about where investor conviction currently resides: not in Washington's ability to function, but in the enduring promise of artificial intelligence and the prospect of continued monetary easing. Hosted on Acast. See acast.com/privacy for more information.