"Those are things that are making me become more vigilant," she said.
Bell, a CNBC contributor, believes the setback could upset the economic rebound and create a sideways market embedded by headline-driven volatility. "June economic data has improved," she said. "The question though is where does that economic data go from here? Are we plateauing or could we potentially see a slowdown and not grow?"
She suggests the market is at a critical crossroad — particularly as the presidential election begins to dominate the headlines., and obviously that is going to have implications on the marketplace," said Bell. "Our political team here at Ally, they always remind me while November seems close, it's far enough away to think about how quickly the coronavirus pandemic happened. Anything could happen between now and then.
In the meantime, Bell acknowledges there are some positives in the market including the Federal Reserve's unrelenting policy support for stocks and a high probability the government will pass a new stimulus package to help struggling Americans."It's best to be prepared for any situation that could occur in November, and I think that level of uncertainty is going to continue to feed the volatility," Bell said.
TradingNation Hopefully, Former Vice President Joe Biden and us Democrats will sweep the election in November because we will have real leadership on the continuing fight against the Coronavirus and the COVID 19 disease and on the economy. BIDEN 2020 AND VOTE BLUE!
The market may be at a critical crossroad as coronavirus cases surge and the eating contest looms (via TradingNation)
TradingNation Cases are surging BECAUSE 8 states using FAKE methods Headache, sore throat or running nose are positive WUHAN CORONAVIRUS WITHOUT testing persons? How can they add an extra 15-31 people to the list as possible positives because 1 person is considered positive? Without testing?
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