According to @DowdEdward, if the development highlighted by @DeItaone is accurate, overall liquidity would improve and could "pump markets" for a bit longer, supporting a short-term risk-on move; source: Edward Dowd on X, Nov 9, 2025. He frames the shutdown as an exogenous shock similar to tariffs, suggesting any liquidity-driven upside is cyclical rather than structural; source: Edward Dowd on X, Nov 9, 2025. He warns that endogenous issues are already emerging and will gather steam into 2026, implying rising medium-term downside risk despite near-term liquidity support; source: Edward Dowd on X, Nov 9, 2025. For trading, this translates into a two-horizon stance: tactically participate in liquidity-driven upside while it persists, but tighten risk and prepare to de-risk into 2026 as endogenous pressures intensify; source: analysis based on Edward Dowd on X, Nov 9, 2025.