“(Active) investors will likely remain nervous ahead of the Presidential election, which I do not expect to be decided on the night of November 3. As both sides have already promised a protracted legal battle should they lose, violence could easily spill into the streets, especially as the replacement of Ruth Bader Ginsburg has further escalated tensions ...
“It is not clear that the Federal Reserve would come to the rescue as quickly as in prior corrections. Bank of America pointed that the Fed’s purchases of bond ETFs have slowed to a trickle in September. In addition, the Fed may not want to be seen as helping or hurting any candidate before the election ...
“Furthermore, recent communications by the Federal Reserve have stressed the importance of fiscal policy and the notion that monetary policy has already done its part. J. Powell’s subliminal message to Congress is that politicians should not expect the Federal Reserve to bail out the market if they cannot agree on another fiscal package before the election (which is now a near-certainty).”Somewhat slanted (but intriguing)
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federal-reserve-treasury-coronavirus/
https://nytimes.com/2020/10/21/business/economy/fed-lifeline-funds.html