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Revealed: The Coronavirus and It’s Volatility

Revealed: The Coronavirus and It’s Volatility

Posted On March 13, 2020 1:41 pm
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It was just three weeks that the S&P 500 (SPY) was at an all-time high.  It has since fallen some 30% as the Covid19 virus has turned into a pandemic, threatens to shut down large swaths of the global economy and created high levels of uncertainty. This would be the quickest and steepest decline on record and includes the second largest 2-day decline, surpassing even the worst days of the financial crisis.  Only worse was the crash, or black Monday in 1987.

s&p 500 cov-19 chart

This rapid decline, which has seen with a handful of… Continue reading the full article at StockNews.com

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About author

Steve Smith
Steve Smith

Steve Smith have been involved in all facets of the investment industry in a variety of roles ranging from speculator, educator, manager and advisor. This has taken him from the trading floors of Chicago to hedge funds on Wall Street to the world online. From 1987 to 1996, he served as a market maker at the Chicago Board of Options Exchange (CBOE) and Chicago Board of Trade (CBOT). From 1997 to 2007, he was a Senior Columnist and Managing Editor for TheStreet.com, handling their Option Alert and Short Report newsletters. The Option Alert was awarded the MIN “best business newsletter” in 2006. From 2009 to 2013, Smith was a Senior Columnist and Managing Editor for Minyanville’s OptionSmith newsletter, as well as a Risk Manager Consultant for New Vernon Capital LLC. Smith acted as an advisor to build models and option strategies to reduce portfolio exposure and enhance returns for the four main funds. Since 2015, he has worked for Adam Mesh Trading Group. There, he has managed Options360 and Earning 360, been co-leader of Option Academy, and contributed to The Option Specialist website.

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