Investment Updates
Is the Coronavirus Bear Market Over?
Published March 27, 2020, 8:30 p.m. EST
After nosediving 33.9% between February 19 and this past Monday, March 23, the Standard & Poor's 500 stock index rebounded sharply and ended the week about 13% off its bear market low.
While the vicious plunge may resume, signs that the worst of the coronavirus bear market may be over began to emerge.
JP Morgan and Goldman Sachs both forecast an unprecedented contraction in the second quarter ending June 30, 2020, followed by a third quarter surge in growth. Goldman Sachs expects a mind-bending 24% contraction in the second quarter while J.P. Morgan forecasts a 14% slowdown in Gross Domestic Product.
© 2024 Advisor Products Inc. All Rights Reserved.
More articles
- What's An Investor To Think Now?
- Will Covid-19 Crisis Be Short-Lived?
- 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