This ARTICLE On Stocks Selloff Drops Dow Over 10% Since All-Time High Was PUBLISHED On February 27th, 2020
The U.S. economy has been booming since President Donald Trump has been elected as the 45th President of the United States.
- Never in history has the economy been so strong
- Record numbers were set month after month, quarter after quarter
- The U.S. unemployment rate is the lowest in 50-years
- A record number of homeownership ever recorded
- Businesses are booming
- Wages have never been as high as it has been during the Trump Administration
- There is more demand for homes than housing inventory
- Mortgage rates are at an all-time low
- Home prices have been increasing like never before
- Both HUD and the Federal Housing Finance Agency (FHFA) has increased both FHA and Conforming Loan Limits for the past four years due to rising home values
- However, Stocks Selloff Drops Dow Over 10% Since All-Time High
- The Dow has been setting all-time high records daily until recently
- On Monday, the Dow Jones Industrial Average Dropped 1,000 points
- On Tuesday, February 26th, the Dow lost almost 900 points
- Today, the Dow Jones Industrial Average is in negative territory and looks like it will close lower
In this article, we will discuss and cover Stocks Selloff Drops Dow Over 10% Since All-Time High Was PUBLISHED On February 27th, 2020.
Reason For The Stocks Selloff And Market Panic
The general public is in a panic mode.
- The reason for the Stocks Selloff is due to panic about the coronavirus
- The stock and business markets do not like uncertainty
- We know that the coronavirus is contagious but the extent of how serious it is, it remains unknown
- There is no known cure for the coronavirus
- U.S. stocks starting free falling starting Monday, February 27th, 2020 where it dropped 1,000 points
- The Dow lost 900 points on Tuesday
- Today, during interday trading, the Dow Jones Industrial Average is down 700 plus points
The S&P 500 is setting records for its worst week since the Great Recession of 2008.
The DOW And The U.S. Equity Markets Plunging On Fears Of The Coronavirus
The stock market does not like uncertainty.
- All U.S. equity markets tanked today during a volatile market
- The Dow Jones Industrial Average and the S&P 500 have entered correction territory
- What this means is that both the Dow Jones and the S&P 500 have dropped more than 10% from recent highs
- The Stoxx Europe 600 also entered correction territory
- The Stocks Selloff marks the first correction since December 2018
- As mentioned earlier, the S&P 500 is on track for the worst weekly drop since the 2008 Real Estate And Credit Meltdown
Investors who are not on margin should not panic. Many hard-working wage earners with 401k’s are nervous and thinking the worse. Many have fears all of the gains in their 401k’s will be lost. Nasty politicians like Nancy Pelosi, Chuck Schumer, Adam Schiff, Kamala Harris, and dozens of Democrats are already politicizing the coronavirus crisis. They are blaming it on President Trump and are hoping for the worse so it hurts President Trump in the upcoming 2020 election. Gustan Cho Associates Mortgage News will keep our viewers updated on any changes to this story.
