Earnings, economic data, and election drive US market volatility
Market volatility is currently influenced by three main factors: earnings, economic data, and the upcoming election, according to Michael Arone, chief investment strategist at State Street Global Advisors. He refers to these as the "triple E." Earnings reports from major companies like Microsoft and Meta are a primary concern. The jobs report, set to be released soon, will also impact market reactions. The election is expected to add further short-term volatility. Arone advises investors to maintain a disciplined approach to their portfolios, regardless of election outcomes. He emphasizes the importance of a diversified portfolio to manage risks effectively.