US Markets Wrap: What the end of the government shutdown and Buffett’s letter say about market timing

After 40 days of gridlock, the U.S. Senate has advanced a funding bill that could finally reopen the government, and Wall Street is cheering. The Nasdaq 100 jumped 2 percent while Treasury yields edged higher, signaling relief after a selloff. Meanwhile, Warren Buffett’s farewell letter struck a tone of patience, with Berkshire Hathaway sitting on more than US $300 billion in cash. Dan Koh speaks with Fabien Yip, Market Analyst at IG, about what the possible end of the shutdown means for markets, how investors are reacting to it, and what lessons Buffett’s caution may hold for the months ahead.See omnystudio.com/listener for privacy information.