alt Hacker News>How much of this is the current uncertainty over politics in the US?
Would you like to posit a theory? The article says nothing about this, and states entirely different causes. This concern seems rather tangential to recent market activity
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It’s rather obvious that if the dems take the senate and the congress next week, it will be fight for survival for the ruling top, with Trump at the top spot, as they will be looking at a very real possibility of getting trialed and jailed.
Given what Trump did when he lost the election, we can bet that whatever comes now will be way way more nasty and disruptive.
Then, if the dems don't win, it will imply a massive scale of election fraud, which too will stir sh*t in another, but equally significant way.
So one way or another, the market volatility is all but guaranteed, and a significant market slide is also very likely as people will be parking in cash/gold for a while. And weak tech earnings is just the right trigger.
Let’s not forget the fed raised rates but kept them unchanged this time even though they clearly need to raise them further.
In general it’s an earnings story though I agree.