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home / news releases / VOO - Market Logic Can Be Confusing


VOO - Market Logic Can Be Confusing

Investors received a steady flow of really rotten news on many fronts last week. China's economy shrank by -6.8%. JPMorgan (JPM) CEO Jamie Dimon said we need to expect a "severe recession" as well as "meaningfully bad" credit card defaults. The IMF changed its 2020 global growth forecast to -3.0% from +3.3%. Goldman Sachs (GS) said the economic downturn will be four times worse than 2008. Super.

The hard data was also downright discouraging. We learned that Retail Sales fell a record -8.7% in March. Industrial Production plunged by -5.4% last

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Stock Information

Company Name: Vanguard S&P 500
Stock Symbol: VOO
Market: NYSE

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