Stock Bulls Just Got a Wake-Up Call in a World of Confusion
- S&P 500 index posts its first weekly decline since January
- Gold prices surged to seven-year high amid flight to safety
This article is for subscribers only.
If complacency was the charge, the market just delivered its punishment.
As the coronavirus spreads and U.S. business activity takes a hit, the S&P 500 Index notched its first weekly decline since January. The yield on 30-year Treasuries dropped to record lows, gold rose to seven-year highs, volatility markets woke up.