Latest Updates for My Robinhood Trade (Patreon)

There have been several major updates over the weekend into this morning on the government shutdown, which directly impacts the trade I made on Robinhood.

For anyone that recently joined and didn’t see the trade, I bet that the shutdown will not last more than 60 days. You can read the full details in these posts:
The Trade That I'm Making on Robinhood
Rationale for the Trade I Made on Robinhood

There have been three major developments and each one increases the chances of the government opening back up soon more likely.

Democratic Senator Mark Kelly said on Face the Nation that lawmakers could resolve the shutdown and reopen the government as early as this week.

“We should be able to wrap this up this week, if they will sit down and have a negotiation with us,” Kelly said.

I believe his comment shows growing optimism in the Senate that both parties are feeling pressure to reach a deal.

Another big update was that top White House economic advisor Kevin Hassett was on CNBC this morning and said that the shutdown is likely to end sometime this week.

“I think the Schumer shutdown is likely to end sometime this week,” Hassett said.

He added that if it doesn’t, the administration would consider “stronger measures” to push negotiations forward.

The last major development is that Senate Republicans have been invited to a White House lunch with President Trump on Tuesday. This is significant because it suggests Trump may finally step into the negotiations directly. Whenever the President personally gets involved, it usually speeds up the process, especially with his own party.

All three developments point to the same thing: political pressure is intensifying and optimism that the government opens is rising.

For my Robinhood trade, this is exactly the kind of movement I was betting on.