Economics
Bad News Is Grinding Down Wall Street’s Few Remaining Bulls
- S&P 500 falls relatively mild 2.1% in five days amid poor data
- Pandemic worsens in U.S., with death rate climbing rapidly
A pedestrian wearing a protective mask walks in New York on March 30.
Photographer: Gabby Jones/BloombergThis article is for subscribers only.
There is no shocking this market anymore.
Between the rapidly escalating coronavirus crisis and the unprecedented stimulus measures to counter its impact, investors have endured weeks of extreme turbulence. The evidence suggests they are becoming inured to both good news and bad.