Stock market crash: How coronavirus sell-off would confirm a recession - Business Insider

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 14 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 9%
  • Publisher: 51%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

One Wall Street expert warns the market's coronavirus-driven meltdown could soon confirm a recession is looming — and explains why two-thirds of the damage is already done

To make sense of the cues stocks are sending about the economy's fate, Lori Calvasina, the chief US equity strategist at RBC Capital Markets, divvied up three broad percentage pullback ranges for the S&P 500 and what they historically implied.This kind of sell-off amounts to a 5%-10% pullback from a recent high, and is usually rescued by investors who seize the moment to buy stocks at discounted prices.

This time around, stocks cleared the floor of this range at a historic speed. It took just six days for the2. A growth scare Calvasina defines this scare as a decline of 14%-20% from the peak. And on Friday, stocks dipped into the upper ceiling of this zone.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

Saros already said there ll be recession in 2020, so, European automotive comoanies were already expecting invasion of Chinese in their industry, which it meant devastation for other markets, this situation shouldnot be a big surprise after all. Coronavirus Covid19

Could confirm something is looming...lols. Wasn't that 'confirmed' a long time before the virus?

Most Important Secular Perspective Nasdaq 100 Futures...

If things dont become normal by the end of March, then a recession is almost inevitable. Already Q1 is expected to have negative global GDP growth. If it continues at the same rate of spread till the end of March then Q2 would follow suit. But remember 'bUy ThE DiP bRuH'

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 729. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

The coronavirus stock market rout will hurt billionaires the worst - Business InsiderThe coronavirus has already cost the ultra-wealthy more than $100 billion. Here's why they're likely to feel more pain from the market drops than the average American. It's only a loss if you sell Bc they own more stock than the average person...
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Stock market crash: Ivy League professor warns of 'colossal' 50% fall - Business InsiderAn Ivy League professor who nailed the financial crisis says another 'colossal disaster' is on the way — and warns of a 50% market crash vs Now...Short Term Nasdaq 100 Futures Bulls Strikes Back Nouriel Roubini
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Tesla stock: The company's legendary volatility isn't going anywhere - Business InsiderTesla stock declined 30% last week — that's proof that the company's legendary volatility isn't going anywhere, but it is a lot more expensive In 2nd week of March Tesla stocks will boost once again. Tesla
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

The Week That Wiped $3.4 Trillion Off the Stock MarketU.S. stocks were at record levels just last week, seemingly unaffected by fears that the coronavirus could dent the global economy. Then reality took hold. Yawn. A few less vacations for the 10% of Americans than own 80% of the market. Half of all Americans don’t own a stock. This is a problem of luxury, not middle working class Americans You mean the media frenzy took hold
La source: WSJ - 🏆 98. / 63 Lire la suite »

$3.4 trillion has been wiped out of the stock market in a weekPandemic fears have wiped out $3.4 trillion from the S&P 500 in just six trading days. And more losses are in store on Friday. US stocks are on pace for their worst week since the 2008 financial crisis. Fortunately I'm already broke so... Love it :) 😬😬😬😑
La source: CNN - 🏆 4. / 95 Lire la suite »