Market Crises & Events
The COVID-19 Market Crash of March 2020
33.9% in 23 trading days. That’s how fast the S&P 500 fell from its February 19, 2020 record high to its March 23 low…
Market Crises & Events
Market Crises & Events
The Flash Crash of May 6, 2010
The cleanest way to read May 6, 2010 is as a feedback loop with no saturation term. A volume-participation algorithm sells faster as traded…
Market Crises & Events
The Black Monday Crash of 1987
Black Monday set the template. Every market dislocation that followed borrowed something from the afternoon of October 19, 1987 — the speed of the…