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Here's what happened to the stock market on Wednesday

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Several states reported big spikes in coronavirus cases, raising concern over the economic recovery.

Florida said its confirmed cases jumped by 5,508 on Tuesday, a record, and now total 109,014. The state also said its positivity rate rose to 15.91% from 10.82%.

California, meanwhile, added more than 7,000 cases on Tuesday. In Texas, the number of Covid-19 cases jumped by 5,489. Meanwhile, New York, New Jersey and Connecticut

 

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KeynesianBeautyContest in Stock Markets – HerdBehaviour ShortSellers everywhere you can see the visible hand of economics - Behaviour of both Person+Machine(algos)

Rebalance of portfolios on a massive scale to get back to the desired/sometimes required bond/stock allocation. Sell Stock, Buy Bonds. Or just continue trying to grasp for straws

No explanation needed.

Its not only Covid. It's also the media speculating all the time. Always trying to look what to blame it on instead of looking at the overall picture.

People realized that coronavirus is not a hoax and will be hanging around for a while.

it went down

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