Let’s talk about this whirlwind of a week on the Weekend Market Review with Brett Witkowski.
On Monday, we had the fallout of Trump’s assassination attempt. This created a strong Trump trade on Monday. On Tuesday, there was a rotation from large caps into small caps. On Wednesday, there was trouble regarding Taiwan, and this kicked off a sell-off. Thursday, we got rumors that Joe Biden might step down, if Biden is out, the market could go into overdrive. Friday, today, we have the largest IT outage in history with Microsoft CrowdStrike.
With all this happening, we have a tremendous amount of uncertainty in the Market. This has pulled us off of the all-time highs we were seeing. This reminds us of the short-term nature of the market, as a long-term investor, you should be ok if you discard all of this action.