Investment Updates
Will Covid-19 Crisis Be Short-Lived?
Published Friday, March 13, 2020, 10:00 p.m. ET
(Friday, March 13, 2020, 10:00 p.m. ET) — After plummeting 26.7% from its all-time record high, set just three weeks ago, the U.S. stock market soared 9.3% on Friday. Financial and economic indicators signaled that the Coronavirus crisis could be short-lived.
Forecasts for growth remained bright, according to The Wall Street Journal's monthly poll of 60 economists and the Federal Reserve Bank of Atlanta. In addition, stock prices have fallen well below long-term historical valuation and return norms.
The Atlanta Fed on March 6 updated its GDPNow calculation of growth in the current quarter. Its algorithm indicates the first quarter of 2020, despite Coronavirus will grow by 3.1%. This forecast was made a week ago, before sports schedules were postponed but after the outbreak.
© 2024 Advisor Products Inc. All Rights Reserved.
More articles
- Despite Covid-19, Signals Of Economic Health Continue
- Covid-19: Facts And Perspective For Investors
- Economists Expected Q1 U.S. Growth Of 1.6%; It's 2.6%!
- Stocks Close At New High As Business Owner Optimism Surged
- Retirement Revolution Unexpectedly Is Boosting Economy
- Coronavirus Scare Reveals The Nature Of Stock Market Risk
- Leading Indicators Slightly Off Again
- S&P 500 Breaks All-Time Record Again
- Steady Economy Briefly Drives Dow Beyond 29,000
- Why Stocks Shrugged Off Iran Escalation
- A Spectacular Year For Stocks
- A Case For A Bull Market In 2020
- Good Economic News Again
- An Unusual Constellation Of Economic Surprises
- Longest U.S. Expansion Keeps Rolling