Stock market calm on eve of potentially stormiest stretch of trading in 2. The stock market could face one of its most tumultuous sessions of the year on Thursday with a trio of potentially destabilizing events on deck former FBI director James Comeys testimony, the U. K. election, and the European Central Banks monetary policy meeting. The trifecta, coming nearly all simultaneously, threaten to derail U. S. equities record setting run. ShY35NKm0/hqdefault.jpg' alt='Watch Beneath Hill 60 Online (2017)' title='Watch Beneath Hill 60 Online (2017)' />June historically has been a weak month for equities, but the catch is some of the worst drops have taken place when the SP 500 index was beneath its 200day. Watch Nine Dead Online Facebook. The hurricane season is forecast to start earlier than normal this year for the Trump administration as a perfect storm of events is converging, said Chris Zaccarelli, chief investment officer at Cornerstone Financial Partners. Comey, who was fired by President Trump early last month, on Thursday will testify before the Senate Intelligence Committee on Russias role in the U. S. presidential election as well as whether he was pressured to drop a probe on possible collusion between Trumps campaign and Russian officials. Trump tweeted on Wednesday that he would nominate Christopher A. Wray to head up the FBI. The Comey testimony appears to be the second act in the latest drama on Capitol Hill and we think this installment only makes the road that much longer to meaningful tax reform and fiscal stimulus, Charlie Ripley, investment strategist at Allianz Investment Management, told Market. Watch. Stocks have set numerous records over the past months on expectations that Trump will usher in a more business friendly era through tax cuts and ramped up fiscal spending. However, they have moved tentatively over the past several days as investors prepare for Thursdays geopolitical fusillade. Aside from Comeys Senate appearance, former Federal Bureau of Investigation director Robert Mueller is overseeing a federal investigation into Russian interference in the 2. Trumps inner circle. Across the Atlantic, the British will head to the polls in a snap election to pick their representatives to the House of Commons. Prime Minister Theresa Mays Conservative Party currently has a 1. Conservatives wanes, the outcome of the election could reshape the U. K. Parliament and lead to greater uncertainty as the country negotiates its way out of the European Union. Read Draghis ECB may take baby steps toward ending ultraloose monetary policy. Check out 5 things to know about the U. K. general election this week. See U. K. election The worst, best and most likely scenarios for stocks worldwide. On the same day in Tallinn, Estonia, the European Central Bank could set off tremors of its own if it unexpectedly announces a policy shift to wean Europe from its massive stimulus program at its monetary policy meeting. Economists at Deutsche Bank believe that while the ECB isnt yet ready to announce an exit fromits quantitative easing regime next week, it could telegraph that a tapering is imminent in a bid to prepare the markets. A report from Bloomberg News on Wednesday implied that the ECB might be aiming to reduce its inflation outlook. Read Watch for a shake up among U. K. stocks after Thursdays election. Even without the political cliffhangers, the market is entering a rough patch as summer doldrums set in. Stocks have recorded a median decline of 0. May 3. 0 and June 1. Bespoke Investment Group. Since 1. 95. 0, June is among the worst months for stocks with only August and September having worse average returns as the chart from Ryan Detrick, senior market strategist for LPL Financial, shows. Nonetheless, there are reasons for investors to take heart. June historically has been a weak month for equities, but the catch is some of the worst drops have taken place when the S P 5. When the S P 5. June has been higher 5. Detrick wrote in a recent note. Stocks kicked off this month firmly above the 2. Indeed, the market has been extremely resilient with even poor economic data failing to dampen investors appetite for stocks. The U. S. added 1. Market. Watch survey, while the unemployment rate fell to 4. Labor Department said Friday. The tepid number, however, sparked speculation that the Federal Reserve may stop after just one more interest rate hike this year rather than the two widely expected. The Fed could increase rates as early as middle of this month when the Federal Open Market Committee convenes. Katy Perry: Part Of Me Online Putlocker. All major indexes were modestly higher Wednesday, with the S P 5. SPX, 0. 5. 1. Dow Jones Industrial Average. DJIA, 0. 7. 1. Nasdaq Composite Index.