Is the Worst Over for Stocks?
by Anne Kates Smith, Executive Editor, Kiplinger's Personal Finance
May 04, 2020
3 minutes
The bull market was the longest in history; its collapse into bear market status was accomplished in a record 23 trading sessions. Since the low on March 23 that lopped 34% off Standard & Poor's 500-stock index, stocks have bounced back an incredible 29% in just 18 trading days, also unprecedented in modern stock market history. "Surprisingly," notes Goldman Sachs chief strategist David Kostin, "the largest shock to the global economy in 90 years" has left the S&P 500, which closed at 2875 on
[PULLQUOTE]You’re reading a preview, subscribe to read more.
Start your free 30 days