| | | Week in Review: Friday October 30, 2020 | | |  | | | | Market Selloff | | | | This has been a rough week or the stock market. As of the writing of this article the S&P 500 is down 1.5%. The Market is set for its worst week since March, the beginning of the Covid-19 lockdows. The selloff is headlined by losses from major tech firms as well as the highest ratesof Covid-19 infection all-time. Markets do not like uncertainty and this week has plenty of uncertainty. | | | | Election 2020 | | | | The Presidential Election is 4 days away and already a record number of Americans have cast early ballots. If this trend holds, the 2020 election could be a record for voter turnout. The polls still indicate Biden will beat the incumbent Donald Trump. However the polls have been tightening over the last week and both candidates are campaigning very hard in key battleground states such as Florida, Minnesota, Wisconsin, Pennsylvania, and Michigan. Many retailers and other businesses are preparing for the worst and have begun boarding up their stores. Retail giant Walmat (WMT) has pulled firearms and ammunition from their store shelves in preparation for possible civil unrest. After a summer of unrest in several American cities business owners are not going to be caught unprepared. A potential flashpoint of this unrest is Washington D.C., and the D.C. police have cancelled time off for the next several days. Additionally, the city's Mayor has said that public safety officials will close streets on November 3rd and 4th. | | | | | |
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