Late News This information from last news on the day

Coronavirus market crash was the fastest on record: Here’s how to keep that in perspective

In bear markets, we’re overwhelmed by what we don’t know. Everything gets turned on its head. Long-held assumptions go out the window. And we’re left with a whole new set of questions.

Bob Hager, my former partner at PH&N, said, “With every bear market, there are always unknowable concerns, and every time we’re told that this bear market is different.”

In the current crisis, we’re working on two big questions that weren’t even on the radar a month ago. Namely, how long will the economic disruption go on, and what will the new normal look like after the recovery.

As we wrestle with these and other unknowables, it’s useful to lay out what we do know. As investors, we have new information and some time-tested truths to work with.

What we know this time

Markets have adjusted swiftly to the new reality. In fact, the speed of the drop was

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Japanese comedian Ken Shimura dies from coronavirus: NHK By Reuters

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© Reuters. A man wearing a protective face mask walks past in front of a huge screen reporting death of Japanese comedian Ken Shimura in Osaka, western Japan

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TOKYO (Reuters) – Japanese comedian Ken Shimura, who had been hospitalized after being infected with the new coronavirus, has died, public broadcaster NHK reported on Monday. He was 70.

Shimura, one of the country’s best-known comedians with a career dating back to the early 1970s, had been hospitalized in Tokyo and died on Sunday evening, NHK said.

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When will I get my stimulus check? When are SBA small business loans available? Mnuchin offers timeline on coronavirus relief measures

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Stimulus propels stocks to best week since 2009

U.S. stocks weathered a late-Friday plunge to post their best week in over 10 years, buoyed by an unprecedented stimulus package meant to blunt the economic impact of the coronavirus pandemic. Treasuries gained and oil slipped.

The S&P 500 Index climbed 10 per cent this week, its biggest gain since March 2009, on the strength of a record three-day rally. But that rally sputtered Friday, and the benchmark plunged just minutes before the close, illustrating how tenuous any gains can be, even with a US$2 trillion spending deal heading to the president’s desk for his signature. The S&P remains 25 per cent below its February record, and the Cboe Volatility Index is on track for a 10th straight close above 60. It averaged 18.7 in the past year. The Dow Jones Industrial Average had its best week since 1938, even as all but two of its 30 members declined Friday.

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World’s largest glove maker sees shortage as coronavirus fight spikes By Reuters

© Reuters. FILE PHOTO: An epidemiologist holds gloves while arranging the supplies of Harborview Medical Center’s home assessment team, during preparations to visit the home of a person potentially exposed to novel coronavirus at Harborview Medical Center in Se

By Liz Lee

KUALA LUMPUR (Reuters) – Malaysia’s Top Glove Corporation Bhd (KL:), which makes one in every five gloves globally, expects a product shortage as demand from Europe and the United States spikes because of the widening coronavirus outbreak is exceeding its capacity.

The company has extended shipping times to cope with the demand surge, Executive Chairman Lim Wee Chai told Reuters by phone on Friday.

Lim said orders received in the past few weeks, mainly from Europe and the United States, were almost double the company’s production capacity. Top Glove can produce 200 million natural and synthetic rubber gloves a day.

There are now more than 600,000 coronavirus cases

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Can’t afford to buy an apartment? This startup wants to sell you a share of one

© 2019 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy (Your California Privacy Rights) | CCPA Do Not Sell My Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.
Quotes delayed at least 15 minutes. Market data provided by Interactive Data. ETF and Mutual Fund data provided by Morningstar, Inc. Dow Jones Terms & Conditions: http://www.djindexes.com/mdsidx/html/tandc/indexestandcs.html.
S&P Index data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Terms & Conditions. Powered and implemented by Interactive Data Managed Solutions. | EU Data Subject Requests

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