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Institutional Asset Management
The Coronavirus and Market Volatility
Fears about the COVID-19 outbreak led the Standard & Poor’s 500 Index into a correction (a drop of 10% or more from a recent high) in just six days, the fastest time to a correction from an all-time high ever. However, a few days afterward, stocks rallied, with the S&P 500—which recovered more than 40% of its losses from its February 19 close to its midday low on February 28—and other indexes notching record point gains. Since then, stocks have been extremely volatile.
When markets fluctuate, sticking to the plan you’ve laid out becomes more important than ever.