Thursday was the market’s worst day since 1987, with all sectors and assets selling off, including the previous safe havens, such as and muni’s.
“Wall Street clawed back some of the losses on Friday from its biggest declines in three decades, as investors bet on more fiscal stimulus to thwart a coronavirus-driven global recession. The indexes were still 25% below their record highs hit mid-February and were on track for their biggest weekly declines since the 2008 financial crisis.” (Reuters)
“The US administration declared a national emergency on Friday, which freed up $50B to tackle the novel coronavirus pandemic. Markets had been disappointed in the initial US response to the coronavirus outbreak. Two weeks ago, Trump had called the now-pandemic a “hoax” meant to damage his presidency.” (Reuters)
Trading was halted on Monday am after the market fell -7% in the opening minutes, via an automatic 15-minute timeout put in place after the 2008-9…