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COVID-19. Unofficially, we have a vaccine. Officially, we might have it in May.
Tag: coronavirus
Recently, the behavior of the oil market has been provoking as many questions as exclamations – the whole range of human emotions. In March 2020, oil prices experienced perhaps the most stressful time in the last years. The hard times are not over yet. However, now it is high time to find out what is going on.
It has been a week since I posted my previous article but the S&P 500 stock index has managed to decline from 2800 to the low of 2475. On the whole, since February 20th, the decrease in the S&P 500 has amounted to 28%, which is the greatest decline of the index in the last 10 years. The current situation can easily be called a crisis, and its reason is not some overheated economy or a bubble in some sector but a virus.
Coronavirus keeps threatening the world economy. The S&P500 index is again trading near its recent lows: by the moment this article is published, it will most probably have broken the support level at 2,850 USD and go on declining.
The time has come for coronavirus to influence the quotations of stock indices as well. While a month ago these were just rumors, now investors are seriously worried about the probable troubles of Chinese companies.
The opportunity to make some money on the epidemic is not to be disregarded with disgust, because everything in the world is interconnected. Buying stocks, you invest in the company that, in its turn, invests in the invention of the vaccine. Thus, you do not make the situation worse, you help solve the problem.
The last week of January will be at least interesting: Brexit is coming, though it was hard to believe we will ever see it. The Fed will make its decision about the rate, as well as the Bank of England.