Why Recent Stock Market Fluctuations Are Tough To Explain

If you compare the S&P 500, a Covid-19 timeline, and economic fundamentals you might wind up rather perplexed. We can start with the S&P 500. Between February 21 and March 20, 2020, the Index plunged by close to 30 percent. But then, you could have drawn an S&P “V”:S&P 500 and Stock Market Fluctuations. Meanwhile, as all NYC public schools, bars and restaurants (except for delivery) closed on March 16 and 17, Covid’s spread became very real. On March 20, where the V starts its ascent, New York’s Governor Cuomo mandated that all nonessential businesses close. ….[READ]