Financial experts often say that the stock market hates uncertainty — and the 2020 election has been nothing if not uncertain, especially now, as we continue to wait for key battleground states to process ballots. But this doesn’t mean that the stock market is going on a downward spiral, or that the average American will be greatly impacted by it.
“It’s unwise to try and predict if and when the markets will crash at any point in the coming weeks — despite people’s best efforts, market-timing is generally a losing battle,” Dan Egan, managing director of behavioral finance at Betterment, tells Refinery29. “Usually the markets become volatile based on economic uncertainty, or uncertainty with other major happenings in the country – right now, we’re still counting presidential ballots and the markets are performing extremely well today.