During today’s opening S&P 500 lost more than 7%, and was trading 19% lower from its historical peak. It is assumed that we are dealing with a recession in the stock market if it falls 20% from the highs. In addition, it is worth noting that the index of "fear and greed" published by CNN fell to only 3 points. Recently, such low levels were recorded at the end of 2018, when the S&P 500 index also fell by around 20%, although at the same time they were the largest decreases recorded at that time. In addition, the VIX index reached today the level of 63, while last Friday the level of 50 points was exceeded. After opening on Wall Street and trade suspension, the S&P 500 index limited its decline to 6%.
Source:CNN
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