"The longest running bull market in history ended days after its 11-year anniversary in mid-March. The S&P 500 lost 21% from Feb. 20 to March 27, as investors struggled to process the economic implications of the coronavirus pandemic.
There were few places to hide as stocks posted broad losses. Less than 5% of companies in the S&P 500 posted gains from the market’s Feb. 20 top through March 27: biotech firms Regeneron Pharmaceuticals (REGN) and Gilead Sciences (GILD), Kroger (KR), and Clorox (CLX). Energy stocks fell the hardest as the global economy ground to a near halt and Saudi Arabia and Russia undercut each other with their oil production and pricing decisions. Transportation and recreation stocks, such as airlines, hotels, and cruise lines, plunged as travel all but ceased, and consumer defensive, healthcare, and technology shares fell, but not as far."
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