On Friday, Feb. 21, the S&P 500 closed at 3,337.75. Six weeks later, on Friday, Apr. 4, the S&P 500 closed at 2,488.65. That’s a drop of 25.4% in just 30 trading sessions.
While it’s easy to assume that this marked decline is the sole result of the coronavirus crisis, I think we should at least question that assumption: Is the coronavirus really to blame for the stock market’s drop?
Continue reading “Is the Coronavirus Really to Blame for the Stock Market’s Drop?”