June 4, 2020

The corona virus has wreaked havoc on stock prices since mid-February.  After hitting a high of 3,380 in mid-February the market plunged by,1000 points or 32% in five weeks to a low of 2,304 in mid-March.

But then the virus began to show some signs of slowing its rate of spread in the U.S. and, more  important, the government passed $2.5 trillion of fiscal stimulus.  Those checks began to be received by consumers and businesses in the second half of April.  As a result the stock market has regained a lot of its lost ground.  It currently stands at 3,112 which is just 8.0% below its prior peak level.

Stephen Slifer

NumberNomics

Charleston, SC