Who knew that reopening the government was such a great thing?
Apparently, allowing congress, the president, and the enormous bureaucracy to get back to the business of bankrupting the country and continuing to devalue the currency has plenty of backers, including, not just Wall Street stock market enthusiasts, but hoarders and stackers of precious metals as well.
With the Senate apparently on course to resolve the shutdown dynamics and keep the lights on until at least the end of January, the federal government should be back humming right along as early as today if House Speaker Mike Johnson can assemble enough members for a quorum and a vote on the cosmetic changes to the continuing resolution they passed back in September.
There are some added details, such as reversing President Trump's firings of furloughed workers along with back pay, a 'minibus' that would fund military construction, the VA, the legislative branch, agriculture, and the FDA, funding for food stamps (SNAP) through fiscal 2026 (September 30, 2026), and a promise to vote on extending Obamacare subsidies sometime in December.
The general consensus among the punditry is that the Democrats caved once food riots didn't take place, but the nation's airlines began to suffer delays and cancellations at various important destinations. It wasn't a complete takedown, however. The only Democrats willing to cross the aisle and make a deal were those not running for re-election in 2026.
The breakdown:
- John Fetterman, Pennsylvania
- Angus King (Ind.), Maine
- Dick Durbin, Illinois
- Maggie Hassan, New Hampshire
- Jeanne Shaheen, New Hampshire
- Tim Kaine, Virginia
- Catherine Cortez Masto, Nevada
- Jackie Rose, Nevada
Dick Durbin and Jeanne Shaheen are retiring. Fetterman and Cortez Masto aren't up for re-election until 2028. The remaining four aren't up for re-election until 2030. Surely, their constituents and donors will have completely forgotten about this episode of putting pragmatism over politics by then.
So, with a whimper, the longest government shutdown in America's glorious history will end roughly around the same time as World War I, on the 11th hour of the 11th day of the 11th month, or, something like that.
Positive prospects for the re-opening of the government pushed stocks forward, but were surprisingly bullish for gold and silver. Gold was up more than $140 on the day, with silver advancing more than four percent, with spot prices rising from $48.33 to $50.50. Both metals are higher Tuesday morning, as the reality of a resumption of overspending by congress strikes home.
With stocks having recovered most of the losses from last week in one fell swoop, traders may be taking a break on Tuesday. Stock futures are lower for the NASDAQ and S&P, Dow futures showing a slim gain of less than 20 points as the opening bell approaches.
Crude oil prices are slightly higher, but WTI continues to gravitate towards $60/barrel or lower. Good news for home heaters and auto drivers.
So, with the shutdown apparently nearing an end and the AI blowout having reached terminal madness, what will they think of next to get the muppets to buy more stocks?
At the Close, Monday, November 10, 2025:
Dow: 47,368.63, +381.53 (+0.81%)
NASDAQ: 23,527.17, +522.64 (+2.27%)
S&P 500: 6,832.43, +103.63 (+1.54%)
NYSE Composite: 21,566.41, +157.85 (+0.74%)
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