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3) The FED is in a really tough spot now with 10% Inflation this year and they still might have to raise even though the economy is contracting from Covid? 4) Can the Government give out more Free Trillions if the variant hurts the economy?
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It's pretty clear why this market drop is happening at such a usually bullish season for stocks. 1) Omicron Variant is shutting down parts of the economy. It's going to hurt business and the christmas season. 2) It's also not going help the supply chain issue.