Politics & Pandemics: Two Realities You Don’t Want Invading Family Dinners
As February 2020 drew to a close, markets experienced the most rapid decline of greater than 10% from all-time highs since the Great Recession of 2008-2009. The S&P 500 Index closed at 3,386.15 on February 19th, a new all-time high. By February 28th, it had fallen -12.8% in just seven trading sessions – all of which saw the index dropping further and further. Volatility has broken out of the historical doldrums of the past several years and spiked to what some market pundits deem “panic-levels”. To be sure, risks abound across the global economic and investment landscape, but panic is not the proper or intelligent response.
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