A History of -3% Down Days

Mark

Summary

° The spread of the coronavirus outside of China has weighed on risk assets globally.

° The major U.S. stock market gauges each fell more than 3% Monday.

° Daily returns this poor are rare, but not unprecedented. Volatility and sharp down days tend to cluster.

° Returns after down days of this magnitude tend to be positive, but exhibit tremendous variability.

From Ploutos at SeekingAlpha

Sven

This cornavirus could become pandemic. Everything is globally connected and this could slower growth or even recession.
https://cnn.com/2020/02/25/health/coronavirus-pandemic-frieden/index.html

Look like a train wreck in slow motion.