Written by Investing.com Staff, Investing.com
Econintersect Editor: Every Friday evening the Investing.com Staff provides us with a end-of-week review covering stocks, forex, gold, oil, and natural gas markets. The final week of 2020 will be reported tomorrow evening. But, as a New Year’s eve special, we would like to introduce you to the great cartoons Investing.com has published during the year.
Please share this article – Go to very top of page, right hand side, for social media buttons.
From Investing.com, complied by Jesse Cohen:
Wall Street’s major indices are on track to end 2020 at all-time highs as optimism over progress on the COVID-19 vaccine front – combined with optimism over additional stimulus – appear to have eased some of the economic uncertainty arising from the ongoing coronavirus pandemic.
The benchmark S&P 500 index rallied almost 15% this year, while the tech-heavy NASDAQ Composite is up more than 40% over the same timeframe.
Though many claim they’re happy to see 2020 in the rearview mirror, from a markets perspective it was indeed a blockbuster year.
Below, 20 Investing.com comics, all published over the past year, highlighting the highs and lows of 2020 and the events that stood out for markets during the year:
Editor’s Note: All dates reflect when the comic was posted.
1. U.S.-Iran Showdown Takes Center Stage In Global Financial Markets
Jan. 9, 2020:
Tensions between the United States and Iran took center stage in global financial markets during the first week of the year.
Iran offered no immediate signal it would retaliate over a Jan. 3 U.S. drone strike that killed Iranian military commander Qassem Soleimani, as both sides appeared to back away from further military escalation in the Middle East.
2. Coronavirus Fears Hit Stocks As Markets Suffer Epic Selloff
Feb. 27, 2020:
World stocks tumbled, wiping out trillions of dollars in value, as the rapid spread of the coronavirus outside of China raised fears of a global pandemic.
The number of new infections in China, the source of the outbreak, was overtaken for the first time by fresh cases elsewhere, most notably in South Korea, Italy and Iran.
3. Fed Cuts Rates, But Will It Be Enough To Contain Coronavirus Fallout?
March 4, 2020:
Wall Street’s wild rollercoaster ride continued, as investors weighed whether efforts to contain the spreading coronavirus outbreak will be enough to soften its economic impact.
The Federal Reserve cut interest rates by 50 basis points to a range of 1% to 1.25% in an emergency move, citing the “evolving risks” of the coronavirus to the U.S. economy.
The Fed’s move came as cases of the coronavirus surged in the U.S., leading California to declare a state-wide emergency.
4. Trump, Fed Unleash Monetary, Fiscal Policy Stimulus To Fight Off Coronavirus Impact
March 18, 2020:
The Senate backed a $2 trillion bill aimed at helping jobless workers and industries reeling from the COVID-19 pandemic, as the Trump administration looks to battle the economic impact from the virus.
5. New York On Coronavirus Lockdown As Pandemic Fears Grip Financial Markets
April 2, 2020:
Stocks plunged to begin the second quarter, as the coronavirus outbreak continued to wreak havoc on global markets.
Continue reading at Investing.com. There are 15 additional cartoons, each with commentary. Cartoons in the source article are ‘click to enlarge’.
.
