It often is easy to forget anniversaries, but for equity investors, the COVID-19 market bottom forever will be memorable. It comes alongside days like October 1987 and Christmas Eve 2018.

The 20.47% loss in the S&P 500 on October 19, 1987, set the still-standing record for the worst one-day percentage loss. Following drops in 11 of the previous 14 trading sessions, the 2018 Christmas Eve 2.47% loss pointed to a possibly bleak holiday. The March 16, 2020, 11.9% loss set the stage for the market’s ultimate bottom only five trading sessions later.

About the author

For more information about Janney, please see Janney’s Relationship Summary (Form CRS) on which details all material facts about the scope and terms of our relationship with you and any potential conflicts of interest.

To learn about the professional background, business practices, and conduct of FINRA member firms or their financial professionals, visit FINRA’s BrokerCheck website: