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.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Business Maverick: Asia Stocks Drop With U.S. Futures; Havens Gain: Markets WrapAsian stocks and U.S. equity futures dropped, while the yen and Treasuries advanced, as optimism over policy stimulus gave way to recovery concerns caused by rising infection numbers in some locations.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Business Maverick: Hong Kong People Shifted Pension Out of City, China StocksHong Kong workers stepped away from local and Chinese equities last month at levels not seen since 2016, as political tensions returned and investors chased big stock gains elsewhere.
แหล่ง: dailymaverick - 🏆 3. / 84 อ่านเพิ่มเติม »

Market data — June 17 2020Market data including bonds, unit trusts and fuel prices
แหล่ง: BDliveSA - 🏆 12. / 63 อ่านเพิ่มเติม »