The Beginning Of The End?

(Friday, April 17, 2020, 6 p.m. EST) - The Standard & Poor's 500 index closed at 2,874.56, up 2.7% on the day. The barometer of America's economic strength gained 3% for the week, after a spectacular 11.4% one-week gain a week ago, the best one-week performance since 1974.

From the history-making 11-year bull market closing high of 3386.15 on February 19, 2020, the S&P 500 is off nearly 15%, but that's about 31% higher than the Coronavirus bear market low of March 23 of 2237.39.

Hospital utilization due to the Coronavirus outbreak in the U.S., as of today, is thought to have peaked nationally on April 14, according to the Institute for Health Metrics and Evaluation, an independent public health research center at University of Washington. But this is dependent on the states continuing to maintain their social distancing measures.

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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.







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