Strome Business Minute With Dr. Jeff Tanner

Riding the stock market lately has been less like a roller coaster and more like riding the Tower of Terror, a 13-story drop at Disney World. We just experienced the fastest thirty percent decline in history, a rapid twenty-two days. And it took nearly seven weeks before we could get back-to-back days of average stock price gains, which happened last week. The daily volatility over the past two weeks has been greater than seven percent, according to Raymond James, and that is also a record. There have been three rounds of fiscal stimulus already: Round one was eight point three billion dollars, round two was one hundred billion and round three is two trillion, yet more may be needed in some sectors. To learn more, visit odu.edu/business. This has been a Strome Business Minute, presented by the Strome College of Business at Old Dominion University.