The crash started on 20th February and gained momentum by early March with a continuous spread of the pandemic coupled with the global oil price war. In the week from March 9th to March 16th markets registered some of the highest volatility ever.
Paradoxically, although closest to the epicenter of the virus, the Asian markets showed more resilience than their western counterparts. Go figure.
Despite the grim economic data and forecasts, stock markets did regain much of their losses by the end of April. But the new global reality with fears of prolonged recession and limited capabilities of additional government support programs may trigger new waves of high volatility. Keeping our fingers crossed to see everyone in the green again soon!
Source data: Yahoo Finance