Regarding the US government shutdown: In fact, the US government has shut down more than a dozen times in the past 40 years (the attached picture shows the shutdown time periods during the terms of each president): Trump shut down twice during his first term, and Reagan had the most shutdowns during his term. Looking back at history, the US government shutdown has never become a major source of risk in the financial market. The transmission mechanism of the shutdown to the economy is temporary, and the market still has sufficient expectations for the impact of the shutdown.