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Elections, pandemics and rate cuts. Where to next for ASX share prices? – Motley Fool Australia
Share markets have begun pricing in the new surge in COVID cases across Europe and the US. But the US election remains a wild card.
Last week was one most global share markets will gladly put behind them.
Soaring COVID infections across the United States and Europe coupled with uncertainties in the US election outcome saw many investors hit the sell button.
The S&P 500 Index (INDEXSP: .INX) lost 5.6% over the 5 trading days. And tech shares, many of which quickly rebounded from the March lows to hit new all-time highs, weren’t spared. The tech-heavy Nasdaq Composite (INDEXNASDAQ: .IXIC) shed 5.5%.
All up, it was the worst week…
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