Govt. shutdowns are random noise generators for capital markets, says State Street's Michael Arone

explicit

implicit

RUT

Oil

Metals

USD

State Street Corporation 7.0
Commercial Bank $4000.00B
Michael Arone 9.0

yields

the biggest impact was on long term yield bond yields they climbed

8 calls

no reliable edge (random outcomes)

8/22/2025 8:05:01 PM	short term cautious down	8 days later	+0.05%	-0.02%