Recently, I haven’t seen much discussion about macro risks on my Timeline. Specifically, the potential U.S. federal government shutdown. Congress has yet to pass a new federal budget. By the deadline of 9/30, Congress must approve 12 annual appropriation bills to fund the U.S. government. However, there are significant disagreements within Congress over these bills, leading to slow progress. The market’s expectation of a shutdown is rising, which directly impacts financial markets. ————————————— Trading opportunities: 1. Safe-haven asset concepts 2. VIX is likely to spike in the near term 3. Changes in temporary spending bills 4. Downside risks for high-bubble assets 5. Rising expectations of a U.S. recession