Categories: Investing Retirement Planning Financial Planning Market Commentaries College Planning Identity Theft Archive
From the all-time high in the stock market on February 19th to the low for 2020 on March 23rd, the market lost 33.9% of its value. Never has the market declined that much in such a short time.
When the news of the coronavirus broke in late January that was a catalyst for a decline and the market lost all the January gains and ended the month flat.
The market began on a high note on the first trading day of the year with the Dow closing at an all-time high of 28,868 on January 2nd.
The recent outbreak of the coronavirus in China has put global markets on edge. On Monday, January 27th the Dow dropped over 450 points due to concerns about the spread of the virus after media reporting all weekend.
On Friday, November 15th the Dow closed above 28,000 for the very first time. This is the breakout we have been waiting for.
The word Recession hit the airwaves on August 14th and a stock market sell-off ensued. The Dow dropped 800 points (-3.05%) on that day.