Invest Your Stimulus Check for a Guaranteed Profit: Here's How
For the past two months, stock market volatility has been historically high. The proliferation of the coronavirus disease 2019 (COVID-19) pushed equities into the fastest bear market in history, with the benchmark S&P 500 (SNPINDEX: ^GSPC) taking a mere 17 trading sessions to lose 20% of its value and 22 trading sessions (about one month) to shed 30% of its value.
COVID-19 has also cost a lot of Americans their jobs, at least in the short term. In a three-week span, close to 17 million Americans have filed an initial unemployment claim. And it could get worse, at least according to economists at the St. Louis Federal Reserve.
Mitigation measures currently in place to slow transmission of the coronavirus, including the closure of nonessential businesses, may temporarily push the U.S. employment rate as high as 30% and lead to a recession. For context, the unemployment rate was at a 50-year low of 3.5% prior to COVID-19.
Source Fool.com
