Stocks are trading like they did early in the financial crisis — and it's proof to one Wall Street equity chief that the coronavirus crash will worsen

Mar 29 2020 by Business Insider

 

The stock market's decline during the 2008 financial crisis is similar to its current trajectory, according to Lori Calvasina, the chief US equity strategist at RBC Capital Markets. The parallels — combined with investor sentiment that is far from capitulating — signal that more losses are coming, she said.  Click here for more BI Prime stories. 

Last week brought the stock market's best three-day streak since the 1930s. 

It was a relief after several weeks of record-setting moves...

Continue Reading Stocks are trading like they did early in the financial crisis — and it's proof to one Wall Street equity chief that the coronavirus crash will worsen