Stock Market drops another 350 points, worst week since March

The Stock Market just keeps dropping, amid fears of a second wave of the virus that shut down economic systems around the world. Much of this stock market drop can be defined by these factors:

– Uncertainty surrounding the number of new cases of the virus
– A missing stimulus package that resulted from Democrats and Republicans playing politics
– Uncertainty around whether or not this is going to be clean election

What is fascinating, however, is that many large tech giants have reported stellar earnings, namely Amazon and Google. Apple, however, did report a decline in sales of the iPhone.

I personally see this as a buying opportunity, since strong earnings growth shows that we have a robust economy. Most of this will disappear once the vaccine is on the market.

You can join my Stock Market Investing Program in The Black Business School for $1 at TheBlackStockMarketProgram.com.

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