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.
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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?
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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'
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