Prashant Newnaha of TD Securities predicts a swift economic recovery after the U.S. shutdown, with minimal market effects once funding is restored this week.
TD Securities strategist Prashant Newnaha expects the U.S. House of Representatives to approve a temporary funding bill on Wednesday, leading to the reopening of the federal government by Friday. He acknowledged the shutdown’s negative economic impact but forecast a rapid rebound, with market disruptions likely limited to the early part of next week.