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Mar 16, 2020

COVID Black Monday

The third-worst percentage drop in DJIA history as pandemic fears gripped the world.

-12.9%DJIA drop

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Jan 16, 2020COVID Black MondayMay 15, 2020
±60 trading days around the event

S&P 500 Around This Event

SPY · ±60 days
Jan 16Jan 22Jan 28Feb 3Feb 6Feb 12Feb 19Feb 24Feb 28Mar 5Mar 11Mar 17Mar 23Mar 27Apr 1Apr 6Apr 9Apr 16Apr 22Apr 27May 1May 6May 15$210$245$280$315$350
SPY Intraday Trading Activity

Open

$245.89

Close

$241.61

High

$256.90

Low

$238.80

Daily Change
-4.28 (-1.74%)
$237$243$249$2590M0M0M0M0M09:3010:0010:3011:0011:30
  • volumeM
  • high
  • close
09:30 — 11:5530 of 78 candles
← Swipe to navigate →

Key Market Events

09:30 — Market Open
16:00 — Market Close

Circuit Breaker Levels

-7% Halt
-13% Halt
-20% Halt (Close for day)

Event Day Price

$239.85

Period High

$338.34

Period Low

$222.95

Period Change

-13.5%

What Happened Next?

1 Week Later

+2.3%

1 Year Later

+77.6%

Key Takeaway

One of the fastest recoveries in history


“It’s human nature to do things in groups. This is extreme in markets. I’ve seen first hand large allocators who, as an organisation, seem to prefer losing money in a conventional way, than making money by themselves.”

“The market isn’t efficient or inefficient. That’s too simple. To me it’s just a thing, made up of players each of whom have different goals, different time horizons and different strategies.”

DS

David Steinberg

Founder, Marlowe

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Historical data for educational purposes only. Not financial advice.