VIDEO: Government Shutdown Could Weigh on IPOs
Here's our initial take on Big Bank earnings, and panic versus pick-up points.
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As investors react to the latest headline "tit-for-tat" moves between U.S. and China trade, Chris Versace says this is all gaming out the relations until President Trump and President Xi Jinping can hash it out in a meeting.
Then, Versace turns his attention to this week's banking earnings and isn't surprised by beats citing a strong IPO market as one of the catalysts for the overall group. He says the government shutdown could impact IPO filings and that is something to watch if it extends much longer. He adds that the shutdown could impact the holiday shopping season, andthat he's watching the government layoffs totals.
Click here to watch Chris Versace on "Morning Movers" on the Schwab Network
