Jason @ 00:01:53Wrong
marketseconomy
Jason predicts that the ongoing stock market decline associated with COVID-19 (as of March 18–19, 2020) will reach roughly a 50% correction from prior peak levels before it is over.
And we are looking like this is going to be, uh, a Uh, a 50% correction or something like that.View on YouTube
Explanation
Major U.S. equity indices never reached anything close to a ~50% peak‑to‑trough decline in the COVID‑19 crash.
- The S&P 500’s pre‑COVID closing peak was 3,386.15 on February 19, 2020; at the March 23, 2020 bottom it closed at 2,237.40, a drawdown of about 34% from that peak, not 50%. (justapedia.org)
- On the same day, the Dow Jones Industrial Average closed at 18,591.93, roughly 37% below its February 2020 high, again far short of a 50% correction. (grokipedia.com)
- After March 23, 2020, U.S. markets rebounded and the S&P 500 made new all‑time highs by August 18, 2020, without ever having been down ~50% from the February 19, 2020 peak. (justapedia.org)
Since the COVID‑era stock market decline from the pre‑crash peak bottomed around 34–37% and then recovered, Jason’s expectation of a roughly 50% correction did not come to pass.