The continued worsening news due to COVID-19 and Oil prices have led to generational declines in the stock and oil markets. Like 1987, and other major declines, rare opportunities to buy distressed mispriced securities are at hand.
Last week saw positive news regarding COVID-19 and oil prices, which paused the rapid declines in both the S&P 500 and oil; the feedback loop of bad news and computerized selling halted and created an inflection point in this global market meltdown. This inflection point in the market’s rate of decline suggests the beginnings of a market bottom