Business
The Third Wave and an ugly election has Wall Street nervous – Sydney Morning Herald
A surging number of COVID-19 cases combined with a likely messy outcome of the US election could be a recipe for disaster for the markets.
As the market tumbled there was a flood of cash out of equities and into short term Treasury bills amid a spike in volatility.
The VIX Index that measures volatility often described as the “fear index” — was above 38 on Friday, its highest level since June.
While elections particularly elections won by the Democrats, who historically have entered office with bigger spending plans than the Republicans tend to be good for the stock market, this time might be different.
While thats not even remotely…
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