1 1 (April 3, 2020)

handle is hein.crs/govctzv0001 and id is 1 raw text is: 

Reasearch Service

COVID-19 and Stock Market Stress

April 3, 2020
Induced by the Coronavirus Disease 2019 (COVID-19) pandemic, the longest U.S. stock market bull run
of 11 years ended in mid-March, the quickest drawdown on record (Figure 1). The market subsequently
rebounded, responding to the $2 trillion coronavirus relief package (P.L. 116-136). The swing of stock
prices has created unprecedented volatility, a risk metric that measures the degree of price dispersion.
This Insight explains the function of the U.S. stock market, the different ways to view stock pricing, and
how certain pandemic-induced conditions could affect policymaking. The Securities and Exchange
Commission (SEC) is the primary regulator of U.S. capital markets.

                  Figure I. Quickest Drawdown for U.S. Stocks on Record

), '. <$8%

:: . .

    Source: ReSolve Asset Management.

The Stock Market Size and Importance
Stocks, also called equities, are shares of ownership in a public company. The U.S. stock market generally
refers to the market of public securities offerings that are listed on national securities exchanges. The
                                                             Congressional Research Service

Prepai-ed for Membei's and
Comnttees of Conqess ....

,',', ::,?')  28*?.... ;-'::   N  ..... :';. :,x

What Is HeinOnline?

HeinOnline is a subscription-based resource containing nearly 2,700 academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.

Short-term subscription options include 24 hours, 48 hours, or 1 week to HeinOnline with pricing starting as low as $29.95

Access to this content requires a subscription. Please visit the following page to request a quote or trial:

Already a HeinOnline Subscriber?