July 27, 2020
On March 23rd, the S&P 500 hit an intraday low of 2191, which represented a decline of roughly 35 percent from its peak of 3393, reached just a few weeks before. As the seriousness of the Covid-19 pandemic and its potential economic fallout began to sink in, the markets, and subsequently, the financial news media, went into full-on panic mode, and the decline, while not record-breaking in its... More