As cold gripped much of the nation this week with temperatures not seen in a generation, the markets were feeling much cozier. The economy, markets, and capital investment are linked to confidence. Last quarter, confidence was dropping precipitously due to Fed comments, trade issues, concerns about world growth, and the government shutdown. Since the beginning of January, confidence has slowly been increasing, and this week it seemed to notch up significantly due to the apparent reversal from some of the biggest concerns from last quarter.
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- Federal Employees Back to Work, but for a Limited Time Only? Federal government workers came back to work this week. The brokered deal gives three weeks for Congress and the White House to create a deal regarding the border wall. So, the 800,000 federal workers are being treated like a McRib sandwich and may be here for a limited time only and get furloughed once again on February 15th. There seems to be no desire in DC for another shutdown, but in these times, never say never.