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In this article, we take a closer look at some of the factors that led to this high-profile bankruptcy, and the post-bankruptcy efforts to contain the meltdown.

Echofin Trademarks “Where Traders Meet” Slogan

Photo credit: Gage Skidmore

From its peak on February 19, 2020, the S&P 500 dropped some 29 percent in four weeks. It then rebounded on March 23. Several smaller bounces preceded this “proper” rebound. Now, almost three weeks after the turnaround, it is safe to call the March 23 low of 2,237, a more or less “solid” bottom. Or is it?

SARS COVID-19, a coronavirus originating from China’s Hubei province has wrought havoc upon the global economy in a remarkably short time.


Where Traders Meet

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