Axios: “The worst for the stock market may be yet to come”By admin_45 in IN THE NEWS
Excerpt from Axios quoting DataTrek's Nick Colas:
.... "What's happening: Comparing the period of 31 market days starting from Sept. 29, 2008, to the same period beginning March 9 this year, the S&P 500 has fallen by much less than it did, despite expectations for this to be a far more damaging recession.
- Those dates are effective markers because both were the first time the S&P fell by 5% following respective economic shocks (Lehman's bankruptcy and coronavirus), DataTrek Research's Nicholas Colas says in a note to clients.
Why it matters: The big difference was the response of U.S. policymakers"....
Read the full article here on Axios!