Schaeffer's Market Mashup: Covid-19 One Year Later -- 365 Days of Volatility
Schaeffer’s Market Mashup
Schaeffer’s Investment Research
5.0 • 1K Ratings
🗓️ 1 April 2021
⏱️ 30 minutes
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| 0:00.0 | It's the last day of March. Opening days tomorrow. A little over a year ago, the VIX |
| 0:08.2 | index roared to a new all-time closing high up at 82.69 exceeding any closing level during 2008 and 2009. |
| 0:17.0 | And even though the S&P 500 experienced its fastest 30% drop in history at just 22 trading days. |
| 0:24.0 | It's good to note that the stock market has recovered from every previous bear market. |
| 0:29.0 | Today, I try out Joe Tigay, portfolio manager of Equity Armour Investments, and Cebo's Senior |
| 0:37.7 | Options Institute instructor, Kevin Davitt, to discuss the volatility market landscape, what the Vicks can tell us, how to protect your portfolio, |
| 0:47.0 | and we try to squeeze in as many as baseball puns as we can. |
| 0:50.0 | Let's take a listen. Joe, welcome on, first time caller. How are you? Thank you very much for having me. |
| 1:13.0 | It's very good to be here. |
| 1:14.0 | And basically my co-host at this point, Kevin Davitt. |
| 1:19.0 | How are you, man? |
| 1:20.0 | Good to see you. |
| 1:21.0 | Last time we talked was, think September 9th. I'm doing wonderful and it's great to be back. I look forward to it. |
| 1:28.0 | Great, great. Let's jump right into it. You know, it's, I know it's a tough act to summarize an entire year in a few short |
| 1:36.4 | sentences Kevin is it safe to say that global markets have regained their |
| 1:41.6 | footing from the past 12 months? |
| 1:44.5 | That is a tough act but I think it was Shakespeare and Hamlet where they point out |
| 1:50.8 | that brevity is a sol of wit so let's try to get witty. |
| 1:55.8 | The S&P 500, looking back, experienced a technical bear market between February 19th and March 23rd of last year. |
| 2:06.1 | Now as many people know it was the sharpest 30% decline in history and it was |
| 2:12.0 | followed by the fastest bull market in history so we had a |
| 2:15.2 | whiplash market. And it might sound fairly obvious to point out that markets to use your words have regained their footing when the S&P 500 is up 77% from the |
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