Scoreboard: Manufactured momentum

Wall Street ticked higher as better than expected manufacturing data offset government shutdown dramas.

The market seems to have taken the US shutdown in its stride, although gold and silver were belted – gold off $36 to 1291, while silver fell 2 per cent. Not what you’d expect if you’re looking for safe haven flows. As for the shutdown itself, it isn’t that unusual – during the Reagan administration there were about eight shutdowns; Carter had four or five, and Clinton two. It is the first in 17 years though (the last under Clinton) and that one went for 21 days. Normally they only last a few days though, and in that instance, the economic impact need not be great. Yet the truth is we just don’t know how long this insanity will last.



{{ twilioFailed ? 'SMS Code Failed to Send…' : 'An SMS verification code has been sent ...' }}

Hi {{ user.FirstName }}

Looks like you have already taken a free trial

Please enter your payment details

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to complete your SMS verification

We cannot send you a code via SMS to {{user.DayPhone}}

If you didn't receive SMS code please

SMS code cannot be sent due to: {{ twilioStatus }}

Please select one of the options below:

Looks you are already a member. Please enter your password to proceed

Please untick this box when using a public or shared device

Verify your mobile number to proceed...

Please check your mobile number below and press the Send Verification Code button. This will be used to complete your verification in the next step.

Please sign up for full access


Updating information

Please wait ...


{{ productPrice }} / day
( GST included )
Price $0
GST $0
Discount -{{productDiscount}}
TOTAL {{productPrice}}
  • Mastercard
  • Visa

Please click on the ACTIVATE button to finalise your membership


The email address you entered is registered with InvestSMART.

Please login or select "Don't know password"

Please untick this box when using a public or shared device

Register as a new member

(using a different email)

Related Articles