Markets are getting a reality check now; use dips to buy IT, pharma stocks

Monday's market fall can be attributed to around four negatives news (albeit separate) factors coming together. First, the potential US political battle for the Supreme Court nomination, which in turn has focused attention towards the upcoming US election in November. Most political analysts are predicting a close race between President Trump and Biden and that's where the complications begin. Given that there will be a postal ballot in a large number of “swing” states the actual results of the election may not be known for days or weeks, even then, one can assume that these numbers may be contested. And