It's 12 months since the sharp falls in global stock markets resulting from the spread of Covid-19. The falls began in the last week of February. There was another steep decline on 9th March. Two days later, President Trump announced a travel ban from Europe and, on 12th March, the Dow Jones Industrial Average fell 9.99%. It soon became clear that a recession was inevitable and, on 16th March, the DJIA dropped another 12.93%, or 2,997 points — the largest point drop since Black Monday in 1987.But the panic was short-lived. The Nasdaq surpassed its pre-crash high in June 2020, followed by the S&P 500 in August and the Dow in November.So, one year on from the Covid crash, how was it for you?
A primordial response
Setting expectations
Picture: Cheng Feng via Unplash