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Well that escalated quickly. From oil price war, travel bans to Wuhan-style lockdowns in Europe, increasingly the coronavirus pandemic is proving to be a life-altering crisis globally. S&P 500 (SP500) reacted to the cascading sequence of events with historic plunges on Black Monday and Thursday, followed by eye-popping bounces. All said and done, SPX closed down -9% on the week while the VIX (VXX) skyrocketed above 70 before receding slightly.