Heightened uncertainty is a drag on stocks, and the emotions surrounding an election can be quite strong.
Since the stock market low in March, financial markets have gradually recovered. The sprint chaos has abated, but anxiety remains high.
While the market has seen a strong recovery, the tug of war between policy makers and the virus is ongoing.
The world changed dramatically over the last six weeks. A recovery is coming, but it will take a while for the economy, financial markets, and every-day life to return to normal.
Fear of the Coronavirus and its impact on the economy has created extreme volatility in financial markets. Less than a month ago, the U.S. stock market was at an all-time high, economic growth was steady, and tensions from the trade war were abating.
The fourth quarter of 2018 was filled with anxiety about a pending recession. The long-awaited bear market was about to arrive.