Longer is better for analyzing the stock market, which is why Professor Robert Shiller’s data set (with an 1871 starting date) is one of the great free resources on the internet for studying the history of US equities. With that in mind, let’s review how the current drawdown for the S&P 500 compares over the past century and a half.
Risk managers expect lengthy global recession: Reuters
Signs that recovering Covid-19 patients are no longer infectuous: BBG
Trump considers permanently cutting US funding to World Health Org: WSJ
Moderna reports encouraging results from Covid-19 vaccine test: CNN
Economic expectations in Germany rebound: MW
UK reports record surge in jobless claims in April: MW
US home builder sentiment rebounds slightly in May after sharp drop: CNBC