2020-03-16 00:00:00, Lauren WybarJessica McBrideMatthew BarrovecchioJackie YoussefRich PowersAndy ClarkeJoe Davis, Vanguard Blog
Content Categorization
/Business & Industrial
/Finance
/News/Business News
Word Count:
757
Words/Sentence:
28
Reading Time:
5.05 min
Reading Quality:
Adept
Readability:
13th to 15th
At a time such as this, with double or even triple doses of concerning news daily, a little perspective can go a long way.
As troubling as the rapid descent of stocks into a bear market has been, and as much as it can preoccupy investors, we all need to think first about our health and the health of our loved ones.
We expect markets to reach this point from time to time.
The speed at which the disease is spreading has led authorities to take strong measures, including school closures and cancellations of sporting events, on national and community levels.
The disruption to daily lives could be substantial all around the globe.
It hasn't been and it won't be easy, but it's necessary.
A new, short-term reality
Financial markets clearly are reflecting our new reality, recognizing that the strong medicine required to thwart Covid-19's spread is also likely to blunt short-term economic growth.
We believe such measures should be front-loaded, and should target immediate virus containment and eradication efforts, as well as support small and medium-size businesses and households that may need cash temporarily to stay afloat.
Keywords
fiscal, u.s., recession, davis, vanguard, coronavirus, joe, policy, china, markets, volatility
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