How Coronavirus is Affecting the Stock Market

July 10. 2020. 6 mins read

You’re probably sick and tired of hearing about “the rona,” and so are we. The Americans have now commandeered the pandemic as yet another thing for the donkeys and elephants to argue about, and you can’t exactly escape to a tropical island because the travel industry is a complete mess. The best thing to do is try and avoid getting sucked into the whole thing and wait it out until we achieve herd immunity or some life sciences company develops a COVID-19 vaccine. With that said, many of our readers have said they’re as confused as we are regarding what’s happening in the stock market. Today, we’re going talk a bit about how coronavirus is affecting the stock market and how investors ought to respond to that.

Coronavirus and Global Markets

While the pundits hammer away on the coronavirus vaccine investment thesis, we’re here to talk about the effects coronavirus has had on the broader stock market. It’s quite convenient that the very first information about coronavirus was made public on December 31st, 2019. To see how any asset has performed since the rona reared its ugly head, just look at YTD performance. Check it out (as of 07/09/2020):

  • NASDAQ +17.9%
  • NYSE -14%

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