

Business Rundown: How Long Can Markets Ignore The Shutdown?
Oct 6, 2025
Ryan Payne, President of Payne Capital Management, offers keen insights into the current market landscape amid the government shutdown. He explains how markets have remained surprisingly unfazed by the stalemate, despite potential long-term implications. The conversation touches on the Fed's policies, weak job data, and worries about rising debt and dollar weakness. Moreover, they analyze AI's impact on the market, suggesting it's reminiscent of the dot-com era, and emphasize the importance of diversifying investments beyond major tech players.
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Markets Shrug Off Short Shutdowns
- Ryan Payne says past shutdowns had minimal GDP impact, suggesting markets shrug off short-term political stalls.
- He argues markets focus more on earnings and growth than on non-essential government work stoppages.
Fed Cuts Power Market Optimism
- Ryan Payne links weak jobs data to greater odds of Fed rate cuts, which fuels market optimism.
- He says looser monetary policy acts like 'spiking the punch bowl' for financial conditions.
Debt, Interest Costs Threaten Dollar
- Payne warns rising debt and higher interest costs erode the dollar and risk inflationary pressure over time.
- He highlights interest payments growing to a material share of GDP, likening it to military spending.