Revealed: COVID-19 & Market Volatility

by Options Sensei

Only worse was the crash, or black Monday in 1987

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.

It was just three weeks that the S&P 500 (SPY – Get Rating) was at an all-time high.  It has since fallen some 30% as the Covid-19 virus has turned into a pandemic, threatens to shut down large swaths of the global economy and created high levels of uncertainty.

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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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