The analyst discusses the historical impact of U.S. government shutdowns on financial markets, specifically Bitcoin, Gold and the S&P 500, analyzing a chart with green shaded areas indicating when shutdowns occurred. He identifies periods in 2018 and 2014 where shutdowns led to varied market behavior. The analyst notes that in 2018, Bitcoin’s price action was largely unaffected by the government shutdown, while in 2014, the shutdown coincided with Bitcoin making a significant upwards move. For S&P 500 they noticed that if the market is going up aggressively into a shutdown, it can often mark local tops. But if S&P is capitulating it tends to mark a low. Finally the analysis establishes a positive outlook for Gold.