Will Covid-19 Crisis Be Short-Lived?
(Friday, March 13, 2020, 10:00 p.m. ET) — After plummeting 26.7% from its all-time record high, set just three weeks ago, the U.S. stock market soared 9.3% on Friday. Financial and economic indicators signaled that the Coronavirus crisis could be short-lived.
Forecasts for growth remained bright, according to The Wall Street Journal's monthly poll of 60 economists and the Federal Reserve Bank of Atlanta. In addition, stock prices have fallen well below long-term historical valuation and return norms.
The Atlanta Fed on March 6 updated its GDPNow calculation of growth in the current quarter. Its algorithm indicates the first quarter of 2020, despite Coronavirus will grow by 3.1%. This forecast was made a week ago, before sports schedules were postponed but after the outbreak.
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- Despite Grim Headlines, Stocks Rose Sharply -- Why?
- The Paradigm Shift In Valuing Stocks
- Retail Sales And Housing Starts In June Reveal Recovery's Shape
- Keeping Perspective In An Unreal Environment
- Economic Fundamentals Recovering As Stocks Surged For the Week
- Stocks Swing Wildly As Economic Recovery Begins
- Dog Days Of Summer In The Economy
- V-Shaped But Full Recovery Is Long Off
- Covid-19 Causes A Good Surprise
- The Epidemic Sets The Economy Back About Two Years
- Is This A New Bull Market?
- The Pandemic And Stocks
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- Amid The Crisis In The Economy, Two Good Anomalies
- Financial Economics With The Epidemic's End In Sight
- The Beginning Of The End?
- An 11.4% One-Week Gain In Stocks
- What Investors Should Expect And A Business Owner Alert
- Is the Coronavirus Bear Market Over?
- What's An Investor To Think Now?
- Will Covid-19 Crisis Be Short-Lived?
- Despite Covid-19, Signals Of Economic Health Continue
- Covid-19: Facts And Perspective For Investors