The Covid-19 has now moved into full blown panic in the market. The S&P 500 (SPX) opened down 10% from the recent record high in just a week, representing one of the fastest 10% drops from record territory in history. It is important to remember just a couple weeks ago it was hard to find a reason to sell given the daily move to new highs, and in a very short period of time it is now hard to find a reason to buy.
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