Shutdown occurs when Congress fails to act on federal budget funding for the next fiscal year, or fails to reach agreement on a budget before the deadline.

Here are some of the recent government shutdowns and their duration:

📍1. 2018-2019: December 22, 2018-January 25, 2019 (35 days).
📍2. 2013: October 1, 2013 - October 17, 2013 (17 days).

Most sell-offs occurred before the government shutdown. And as the last two cases show, the market is recovering quickly and continues to grow.

The decision on the debt ceiling is likely to break the sideways market