A $3.5 billion money manager makes a bullish market case for DC's partisan gridlock [CNBC]
Comcast Corporation - Class A (CMCSA)
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Source: CNBC
DC gridlock, government shutdown are bullish for stocks, Mayflower's Larry Glazer says show chapters 4:47 PM ET Thu, 17 Jan 2019 | 03:06 Sometimes, no movement is good movement. In the case of the government shutdown, money manager Larry Glazer believes it's favorable for Wall Street — at least in the short term. His reasoning: It prevents lawmakers from passing policies that could be detrimental to corporate America. "Investors like less Washington, and they realize Washington isn't always the answer to our problems," the Mayflower Advisors portfolio manager said Thursday on CNBC's " Futures Now The Dow S&P 500 "The shutdown rally has been driven in part because investors realize gridlock isn't necessarily a bad thing for the stock market," said Glazer. "It's terrible for federal employees, but it can be bullish." Despite Glazer's optimistic view on the gridlock, he doesn't believe it'll flow through to the corner office. He believes CEOs will use the government shutdown as a nega
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