GREY BRIEFING #16: Government shutdown ends, uncertainty remains

Welcome back to the 16th GREY BRIEFING! The past week was once again eventful. After a rather unspectacular start, the Dow broke through the 48,000 mark on Wednesday, while institutional investors pumped up to $4.3 billion into ETFs. Gold rose above $4,200, and oil crashed by five percent after Trump's "$2 per gallon" target. On Thursday, the long-awaited political agreement on the government shutdown was reached, and the market reacted by selling the news. The result was devastating: Nasdaq -2%, VIX +14%, Fear & Greed Index back in "Extreme Fear" territory, and the probability of a December interest rate cut plummeted. Finally, on Friday, we saw the classic reversal show with buy-the-dip tendencies that...