In all fairness, most of those drops were because of the initial impact of COVID-19 when nobody knew what was going on. The global sell off we are seeing right now isn't just because of bad U.S. data and reports. It's a lot of things getting knotted together, not to mention the brink of war.

Either way, in my opinion, no matter who is elected President, there is a very good chance we see one of the biggest crashes in history by the end of 2025. It all depends if the Biden administration can keep it together until the election.

As for now, I'd bet they cut rates by at least 0.75 to cool the markets. This would be a short-term fix, but won't last long.

The inflation, low employee pay, and personal debt is snow balling like never before, and is starting to catch up.