China News Network, Beijing, March 20th (Xie Yiguan) After 8 days of plunge and skyrocketing, on March 20, the U.S. stock S & P 500 index and the Dow closed flat with slight gains. The Dow rose 0.95% and the S & P 500 The index rose 0.47%.

Early in the morning, netizens commented: "I thought the sixth fuse in U.S. stock history would reappear! The result waited for one night but failed to witness the history." "U.S. stocks do not ride on a roller coaster, a bit unaccustomed" Stimulated. "

US stocks fuse benchmark index S & P 500 chart.

8 Days of US Roller Coaster Play

Beginning on March 9, global financial markets have plummeted due to the new crown pneumonia epidemic and the oil price warhammer. Wall Street sighed that "the market has entered an unknown state."

During the eight trading days from March 9th to 18th, global investors together witnessed the continuous refresh of US stocks.

On March 9, the global financial market suffered a "Black Monday". The S & P 500 index fell more than 7% at the beginning of the session, triggering a second meltdown in the history of US stocks. The three major stock indexes closed down more than 7%.

On March 10, the U.S. stock market staged a major upturn, and the three major stock indexes all rose by nearly 5%.

On March 11, the US stock market "one night bungee jumping", the Dow fell 5.86% and fell directly into a technical bear market.

On March 12, the global stock market staged a "Black Thursday", and the stock markets of 11 countries plummeted and melted. The collapse of US stocks triggered the third meltdown in history, and the three major US stock indexes closed down more than 9%. Both the Dow and the S & P 500 index recorded their biggest one-day drop since the 1987 stock market crash. The Dow also hit its largest single-day drop in history.

On March 13, the three major US stock indexes soared more than 9%, the largest single-day gain since the 2008 financial crisis.

On March 16, the opening of US stocks plummeted, directly triggering the fourth blowout in history. The Dow closed down 12.93%, the largest daily decline in 33 years.

On March 17, the U.S. stocks counterattacked, the Dow regained the 21,000-point mark, and the three major stock indexes rose more than 5%.

On March 18, the US stock market broke for the fifth time in history, setting a record of four fuses in 8 trading days. Compared with the historical high in February, the Dow fell 10,000 points in 24 trading days. U.S. President Donald Trump has talked about his stock performance "burned out." U.S. stock fuses have also been called "Trump fuses" by netizens.

As of the close of March 18, within eight trading days, the daily rise and fall of the S & P 500 Index exceeded 4%, setting a record of more than 4% increase and decrease for the 6 consecutive days created by the end of October 1929 (the Great Depression) .

U.S. stocks suddenly stopped playing a roller coaster on the 19th

On the 19th, U.S. stocks opened mixed, and the decline in the market expanded at the beginning of the session. Subsequently, the technology stocks helped the Nasdaq to take the lead in rising and drove the Dow and S & P 500 higher.

As of the close of the 19th, the Dow rose 0.95% to 20087.19 points; the S & P 500 rose 0.47% to 2409.39 points; the Nasdaq rose 2.30% to 7150.58 points. Technology stocks rebounded sharply, anti-epidemic stocks and aviation stocks continued to weaken.

Dow 19 chart.

On the same day, the Federal Reserve, the Federal Deposit Insurance Corporation and the U.S. Monetary Authority jointly issued temporary final rules for money market liquidity instruments to ensure that financial institutions can effectively use the recently launched liquidity instruments of the Federal Reserve. According to Bloomberg News, citing people familiar with the matter, the White House is considering issuing 50-year and 25-year bonds to fund a $ 1.3 trillion stimulus package.

In addition, the Federal Reserve has also established temporary dollar swap mechanisms with nine central banks in Australia, Brazil, Denmark, South Korea, Mexico, Norway, New Zealand, Singapore, and Sweden. Previously, the Federal Reserve has established such mechanisms with the European Central Bank, the Bank of Japan, the Bank of England, the Swiss National Bank, and the Bank of Canada to provide support for US dollar liquidity.

Affected by the tight liquidity of the US dollar, the US dollar index continued to strengthen. On the 18th, the US dollar index successfully broke through the 100 mark, and soon reached 101, standing at a 3-year high. On the 19th, the US dollar index rose further, scoring 102. U.S. Treasury yields have mostly fallen, and Craig Erlam, senior market analyst at Oanda, said that as governments and central banks have introduced many additional stimulus measures, the bond market has seen dramatic fluctuations.

Will the sixth fusing in US stock history reappear?

On Thursday (19th), the U.S. stock market was flat, and the U.S. stock market bottomed out?

Oppenheimer, chief equity strategist at Goldman Sachs, pointed out that due to the large number of unknown factors and the lack of precedents for the spread of the epidemic, it is difficult to make a positive judgment. "The current stock market is like an event-driven bear market. This type of bear market caused by external shocks has dropped by 29% and lasted 9 months, and the market will return to its previous level within 15 months."

Data map: On March 13, local time, US President Trump announced a "national emergency" at the White House in response to the new crown pneumonia epidemic. Photo by China News Agency reporter Chen Mengtong

"Although the central banks of the United States and some other major developed countries in the world have issued some policies, the market sentiment has not stabilized." Tang Jianwei, chief researcher of the Bank of Communications Financial Research Center, told reporters.

"Can the stock market end the roller coaster market in the future? There are two signals to be waited for. One is to see when the epidemic can be controlled. The second is the liquidity crisis caused by the continuous sell-off caused by panic, and it must rely on relevant policies to relieve it. "Tang Jianwei pointed out.

Real-time statistics from WHO show that as of 18, 18 CET (1st, Beijing time, 11:00 Beijing time), a total of 207,860 confirmed cases of new coronary pneumonia worldwide, 8,657 deaths, and 166 countries and regions with reported cases .

FXTM's global head of currency strategy and market research, Jameel Ahmad, said that until the country's control measures have reached their limits, the epidemic has peaked, or vaccine development is expected to be successful, any attempt to boost the economy will not help, and the stock market will still fall. .

"Only after successfully curbing the spread of the virus and limiting the economic losses caused by the virus, the market can find the bottom line," said Nela Richardson, an investment strategist at Edward Jones, a Wall Street investment bank.

"If the US stocks re-melt, Warren Buffett and I will lose 17% of their knowledge, and he is not much better than me." Netizens teased. (Finish)