January 27: Stephen Miller Fallout Lifts Shutdown Odds; ^GSPC on Watch

January 27: Stephen Miller Fallout Lifts Shutdown Odds; ^GSPC on Watch

Stephen Miller is back in headlines, and the fallout matters for markets. A backlash to his remarks pushed a rapid White House pivot as Democrats prepare to block DHS funding, raising near-term government shutdown risk. For UK investors, higher policy uncertainty can widen risk premia and spark swings in the S&P 500 (^GSPC). We outline why the DHS funding fight matters, the key levels on ^GSPC, and how we would position GBP portfolios into potential volatility. Mentions of figures like Karoline Leavitt will likely keep the story in focus.

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