Rallying Things Into Perspective

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So far, what we know:

  • The U.S stock market hit a new all-time high mid February (S&P 500 being 3386).
  • Covid-19 made markets take a turn within 5 weeks. (S&P 500 being 2,237)
  • That low was reached on March 23.
  • March 23 is also the day the Fed announced their response, by purchasing securities to support ‘smooth market functioning’.
  • Today, the stock market has recovered at a remarkable…