Recently, the stock market has been pretty volatile. It is not uncommon to see the market open red and close green, vice versa. Why is that so? This is because many investors are facing conflicting information and are unsure how to move ahead.
- There has been talks for another stimulus package
Apparently, the previous deadline was on Tuesday (20 October). However, the bureaucracies and the inefficiencies of the stimulus talks by the government has led to many delays. Yet, investors are still banking their hopes on this stimulus package.
The fact of the matter is people are still suffering from the pandemic, the root cause has not been solved. No amount of stimulus packages will help the economy.
- There has been a spike of coronavirus cases in the US
The recent spike in COVID-19 cases has been higher than the 2nd wave in July. This is clear that the pandemic is not over yet, especially for the US....
