The Pension Boards - PBUCC

Details: Published: 15 March 2020

March 15, 2020

What has happened in the last three weeks?

The U.S equity market peaked on February 19, 2020, with the Standard & Poor’s Index of 500 stocks (S&P 500) reaching 3,386, and subsequently correcting to 2,480 on March 12, 2020, a 26.75% drop in merely three weeks. Moreover, volatility has been extreme, with circuit breakers (causing a pause in trading) hit twice in the cash market and twice in the futures market in one week.

Tips to Keep Emotions in Check in Response to Coronavirus

Health Advocate has provided a video to help address the emotional and mental health effects related to this changing situation.

View the video by clicking here.

Details: Published: 10 March 2020

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Details: Published: 06 March 2020

Investors have continued to sell global equities and other risk assets like high yield bonds and corporate debt, as continued economic impact from the COVID-19 virus becomes apparent. The U.S. equity market has continued to be very volatile, with big swings this week. The clear implication is that global growth will come down, as concern about China and neighboring countries has now migrated to our shores.

Bond investors continued to be positively rewarded during this time period, benefitting from central bank polices to lower interest rates around the world. The U.S. Federal Reserve (Fed) once again lowered rates after doing so three times in 2019, responding to changes in market rates and attempting to provide support to the economy.

Financial Markets: What Has Happened in the Last Three Weeks?

What has happened in the last three weeks?

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2019 Annual Report Magazine

Financial Markets: What Is Happening? (March 6, 2020)