Investors brace for months of big market swings as COVID-19, political worries loom

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

VIX futures show that investors are betting that market swings will persist beyond the Nov 3 US presidential election and into December, reflecting worries over the possibility of a contested election and concerns that a deeply divided government will fail to agree on providing more fiscal stimulus to support the US economy.

Those concerns, some investors say, have been sharpened by the death of Supreme Court Justice Ruth Bader Ginsburg, which observers expect to deepen partisan divides as it sets up what promises to be a fierce fight in the US Senate over President Donald Trump's eventual nominee to replace her.

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