Is the Coronavirus Bear Market Over?

(March 27, 2020, 8:30 p.m. EST) After nosediving 33.9% between February 19 and this past Monday, March 23, the Standard & Poor's 500 stock index rebounded sharply and ended the week about 13% off its bear market low.

While the vicious plunge may resume, signs that the worst of the coronavirus bear market may be over began to emerge.

JP Morgan and Goldman Sachs both forecast an unprecedented contraction in the second quarter ending June 30, 2020, followed by a third quarter surge in growth. Goldman Sachs expects a mind-bending 24% contraction in the second quarter while J.P. Morgan forecasts a 14% slowdown in Gross Domestic Product.

To Read the Full Story, Subscribe or

This article was written by a veteran financial journalist based on data compiled and analyzed by independent economist, Fritz Meyer. While these are sources we believe to be reliable, the information is not intended to be used as financial advice without consulting a professional about your personal situation.

Indices are unmanaged and not available for direct investment. Investments with higher return potential carry greater risk for loss. Past performance is not an indicator of your future results.







Tell A Friend

Investment Updates

Company Info

701 5th Ave, Ste 4200
Seattle, WA 98104

Mailing address:
1777 S Burlington Blvd, #523
Burlington, WA 98233

Phone: 844-443-4321
Fax: 844-443-4322