Have $5,000? Then Buy These Top Stocks on Any Coronavirus Weakness
For the past two months, investors have been taken on a wild ride due to the proliferation of coronavirus disease 2019 (COVID-19) in the U.S. and around the world.
After hitting an all-time closing high on Feb. 19, it took the benchmark S&P 500 just 17 trading sessions to fall into bear market territory, and 30 calendar days to lose 30% of its value. For context, the previous fastest bear market decline in history took 35 trading sessions (the Great Crash of the Depression Era), and the average length of time needed for a bear market to decline 30% is 336 days. In other words, the steepness of these recent declines is unlike anything Wall Street has ever witnessed.
We've also never seen volatility like this before. The CBOE Volatility Index, or VIX, hit an all-time high reading in March, with all of the major indexes logging some of their biggest single-day point and percentage swings in history. The broad-based S&P 500 has seen its eight-largest single-session point gains, as well as 10 of its 13 biggest single-day point declines, just since Feb. 24.
Source Fool.com
