The effects of the COVID crisis became very real for investors two years ago this week.
two years ago this week.The S&P fell 7% almost immediately after markets opened on March 16, triggering the third trading halt in a week.Investors are now having to weigh how the Ukraine crisis and geopolitical fallout will impact their money — just as the pandemic is expected to transition into an endemic.
“For a year that started with such hope and optimism, many are extremely concerned about the U.S. economy,” Amanda Wallace, head of insurance operations with MassMutual, toldI can still feel the collective tension on the floor of the New York Stock Exchange when I covered the on live television. The air was choked with suspense, and the din of traders’ phones and alerts filled the air with a thickness like the humidity of a New York City summer.