The longest bull market ever ended this week as the COVID‐19 (coronavirus) outbreak continued to spread and containment efforts further disrupted the US and global economies. US stocks fell 27% from the February 19 closing high through the March
12 closing low, based on the S&P 500 Index, marking the fastest 20% decline from a record high in history. US stocks were down between 8% and 10% for the
week despite Friday’s rally amid optimism around additional response from policymakers in addition to aggressive actions from global central banks.
