U.S stocks are just tumbling to their worst since the financial crisis. Even the eldest members of wall street have claimed that this is the worst they have ever seen the market. When the coronavirus hit the world it basically brought the world to a major hault. The longest ever bull market in the US came to a sharp downturn. Money managers do not know when the worst of the selling might pass. There is a huge amount of uncertainty right now with everything and cases in the US getting worse by the day. The worst companies are Chevron and Exxon Mobil; they have lost more than 35% for the year. Series of emergency interest rate cuts have helped stabilize the financial system. Banks in the federal reserve have been forced into emergency interventions to help boost in credit markets. These measures help investors stay calm. China has bounced back a little in the start of March with the pandemic calming down there. They were able to reopen many factories that were not manufacturing anything. Economists still warn that activity remains everything but normal. There are also signs of hope for Italy as it seems that infections might be slowing down. The hope is that we may be able to contain the virus in the second half of the year.
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