ISAAH MHLANGA: The stock market is not the economy

It took a mere 22 days from February 19 for the S&P 500 to decline by 30%, the fastest correction in history. The second fastest was the 1934 and 1931 market corrections, which took 23 and 24 days respectively.

On the upside, the S&P has recorded a return of 37.7% from the bottom over a 50-day period, marking it as the fastest rebound in history. Meanwhile, economic data is still expected to show an economy that is severely damaged by the Covid-19 pandemic. This affirms a widely recognised fact — the stock market is not the economy.

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ISAAH MHLANGA: The stock market is not the economyWhile economic data is expected to show severe damage, the bourse has roared to pre-Covid levels
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »

ISAAH MHLANGA: The stock market is not the economyWhile economic data is expected to show severe damage, the bourse has roared to pre-Covid levels
منبع: BDliveSA - 🏆 12. / 63 ادامه مطلب »

Business Maverick: Stocks Edge Higher; Treasuries Gain for Second Day: Markets WrapU.S. stocks edged higher after trading in a narrow range for much of Thursday as investors weighed the latest economic data and reports about fresh outbreaks of the coronavirus. Treasuries extended their advance.
منبع: dailymaverick - 🏆 3. / 84 ادامه مطلب »