Put on your seatbelts, because you\u2019re in for a bumpy ride!!!Are you ready for this bumpy ride !!??!!In June, I wrote about the possibility of a market crash happening. This was a time when the market was rallying while the economic fundamentals did not make sense. This was a time when COVID was really bad.So are we going to face that reckoning soon??The markets today (10\/26) took a hit. The Dow fell 650 points (2.3%), the S&P fell by 1.9%, and the NASDAQ fell by 1.6%. So many are wondering whether if the worse yet to come? This is my take.I do believe that market turbulence is here to come. Already we saw a big down day today. Hare are several catalysts that will make the market fall:The current increase in COVID cases: Covid cases are rising at an alarming rate. People are fearful that a rising COVID can shut down the economy again like what happened this spring. Shutting down businesses mean more layoffs (increase unemployment) and less to no incomes for millions of people. The current unemployment rate is 7.9%. A second shutdown will increase the unemployment rate and devastate the market. COVID has already affected Halloween shopping (no one wants to get candy from strangers during a pandemic) and there will be no Black Friday.Stimulus drama: Currently, the government is debating the stimulus. President Trump would prefer a stimulus before the election while Speaker Pelosi does not want trump to get a \u201cwin\u201d before the election. Current market volatility has been affected by stimulus talks. The passing of some sort of stimulus will definitely let the markets go up. I believe that Congress and the White House are too divided to pass a stimulus bill (but I can be wrong).Election fears: The election drama is definitely affecting\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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