Markets Hold Firm, Small Caps Resilient Amid U.S. Government Shutdown(An SCN Editorial Field Report)As the U.S. entered a federal government shutdown at midnight, North American equity markets showed surprising composure on October 1. (Investors+3Yahoo Finance+3SWI swissinfo.ch+3)This strength is striking given the typical vulnerabilities of small caps: higher leverage, thinner financial cushions, and greater sensitivity to sudden credit or rate shifts. Which small caps fared best? It’s a reminder: sector selection within small caps matters now more than ever. Small caps holding up amid this test is notable — it suggests that momentum, valuations, or conviction are managing to counterbalance fear.