Great Financial Crises, Part 19: The Covid Crash (2020)
In just over a month in early 2020, US stocks fell about a third as the pandemic shut down economies. Then they recovered to new highs within months. Here is how it happened.
Great Financial Crises, Part 8: Black Monday (1987)
On 19 October 1987, US stocks fell 22.6% in a single day, the biggest one-day percentage drop in Dow history. Yet no recession followed. Here is why.