COVID Crash 2020
About COVID Crash 2020
The fastest bear market in history, triggered by the COVID 19 pandemic. From February 19 to March 23, 2020, the S&P 500 fell 34 percent in just 23 trading days. The Dow fell 2,997 points on March 16, the largest single day point drop ever. Oil prices briefly went negative, with WTI crude trading at minus 37 dollars per barrel. Central banks coordinated massive interventions. The Federal Reserve cut rates to zero and launched unlimited quantitative easing. Markets recovered to new highs within months, creating a K shaped recovery that benefited technology stocks while devastating small businesses.
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