#GlobalMarkets #GoldRush #USShutdown #RiskOnRiskOff #MacroWatch

Transcript

00:00Pause. While Washington politicians play chicken with the government shutdown,

00:03something fascinating is happening in global markets. Despite all the drama,

00:08stocks actually posted modest gains on Monday. The S&P 500 climbed 0.3% and the NASDAQ rose 0.4%.

00:17Investors are hedging their bets. Gold just smashed through to a record high of over $3,130 per ounce

00:24as the dollar weakened. That's a 45% jump from last year and gold's 10th record high just this

00:29month. Here's why this matters. A prolonged shutdown could leave the Federal Reserve flying blind

00:35without crucial economic data for their October meeting. And unlike previous shutdowns, the U.S.

00:41economy looks more vulnerable right now. The job market is already stumbling and hundreds of thousands

00:46of federal workers could face layoffs. When Washington sneezes, global markets don't just

00:51catch a cold anymore. They might catch pneumonia. So while markets seem calm today, smart money is

00:57already positioning for turbulence ahead.