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