This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Shutdown Impact: Investors Less Confident In Economy But Not Quick To Make Rash Portfolio Changes

Nearly three-quarters (72%) of investors surveyed say the government shutdown and impending debt-ceiling issue has begun to diminish their confidence in the economy’s recovery, according to a recent poll conducted by TD Ameritrade Holding Corporation (NYSE:AMTD).

While this issue appears to have impacted investors’ economic outlooks, many say that this sentiment won’t affect how they plan to approach their portfolios just yet. Forty-one percent say they haven’t made changes to their investments yet but may pull back if the issue continues. Another 37 percent of investors say they think the shutdown/debt-ceiling issue will pass quickly and therefore they haven’t taken action in their portfolios; 12 percent say they are taking advantage of opportunities as a result of the issue; and 10 percent moved some money to cash temporarily.

And just how will the issue end? One in four investors say it is very likely the government will default on its debt, while another 44 percent say it’s somewhat likely.

“Some investors likely aren’t adding positions or taking on new risk yet until there is a clear picture as to how the shutdown and debt-ceiling deadline will settle,” said JJ Kinahan, chief strategist at TD Ameritrade. “With about one million people furloughed from their government jobs there is concern that this could have an impact on retail sales, housing and durable goods.”

“The shutdown has brought with it renewed economic uncertainty, and many investors may have questions about how to adapt their positions for a variety of potential outcomes,” said Tom Bradley, president of retail distribution for TD Ameritrade. “It’s our objective to provide investors with relevant information and resources to help them answer these questions. We encourage investors to take advantage of the resources available to educate themselves and seek guidance or help, if necessary, before making their next move – whatever that may be.”

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $92.66 -0.62%
FB $119.22 1.20%
GOOG $708.90 1.10%
YHOO $37.27 0.89%
TSLA $215.03 1.70%


Chart of I:DJI
DOW 17,738.13 +77.42 0.44%
S&P 500 2,056.00 +5.37 0.26%
NASDAQ 4,727.5360 +10.4420 0.22%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs