To The Moon

Overall Markets

Global equities climbed as investors brushed off the start of a US government shutdown, betting it would be short-lived with limited economic impact. Optimism in healthcare and strong US resilience pushed Wall Street and European benchmarks to fresh record highs, while Asia showed mixed sentiment.

Wall Street Resilience

US markets surged to new records, led by optimism over a contained shutdown risk. The Dow Jones $DJIA(.DJI)$  edged 0.1% higher to 46,441.10, the S&P 500 $S&P 500(.SPX)$  added 0.3% to 6,711.20, and the Nasdaq $NASDAQ(.IXIC)$  rose 0.4%. Gains were broad-based, signaling investor confidence in corporate earnings and a stable economy.

Europe Sets Records

European equities closed at record levels, fueled by strength in healthcare after Pfizer’s deal reduced sector uncertainty. Germany’s DAX climbed 1.0%, France’s CAC 40 added 0.9%, and the UK’s FTSE 100 gained 1.0%, reflecting robust investor appetite despite political noise abroad.

Asia Mixed Amid Holidays

Asian markets diverged as Japan’s Nikkei slipped 0.9% following recent rallies, while China and Hong Kong remained closed for National Day. Regional sentiment was steadier than expected, suggesting investors see the US shutdown as a short-term headline risk rather than a structural threat.

Outlook and Insights

Markets appear to be entering Q4 with strong momentum, supported by earnings optimism, sector resilience, and investor confidence in policy stability. While the US shutdown may create short-term volatility, its limited economic footprint means investors remain focused on fundamentals. Continued global liquidity and easing sector risks could support further equity gains.