Market Crash, Coronavirus, Oil Price Collapse, Where Do We Go? (Institut Montaigne)

This was a really awful black Monday by any historical yardstick. On March 9, global equities plunged, triggering circuit breakers even in the most liquid markets. At market close, the S&P 500 index had lost 19% from its recent peak (19 February). This steep decline was set off by a collapse of crude oil markets, as the news of Saudi Arabia and Russia launching a war for global market share reached trading desks.

Eric Chaney

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