Daily Wrap – Government Shutdown Begins; Another ABI/VIX Signal In a Strangely Fragmented Market

Index futures sank overnight as the U.S. government shutdown at midnight. Then, “Bad News” on the employment front, was “Good News” for stocks. The ADP Private Payrolls came in with a very ugly miss, a loss of 32,000 jobs — the worst ADP print since March of 2023, and the 3rd negative print in 4…