Investors brace for months of big market swings as virus, political worries loom

Investors are bracing for an extended period of market volatility, as worries over a potential resurgence in coronavirus cases and political uncertainty roil stocks.

The Cboe Volatility Index, known as"Wall Street's fear gauge," hit its highest level in nearly two weeks as concerns over waning fiscal stimulus and the long-term economic consequences of the coronavirus pandemic took the S&P 500 down to a seven-week low on Monday.Market participants aren't expecting the turbulence to die down any time soon.

"It's not just Election Day that matters to this market," said Stacey Gilbert, portfolio manager for derivatives at Glenmede Investment Management."It's also 'do we get fiscal stimulus or do we not?'"

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US: Wall St falls on virus fears, stimulus uncertainty[NEW YORK] Wall Street's main indexes slipped at the open on Monday as concerns about fresh coronavirus-driven lockdowns and the inability of Congress to agree on more fiscal stimulus raised fears about another hit to the domestic economy. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »