The past week has been brutal to most investors because of the speed and magnitude of the drop that left investors wondering if this is finally the big upcoming recession they have been waiting since the Great Financial Crisis back in 2008.
What was supposed to be a small containment case of the Covid-19 in China alone has spread to all over the world. This has now no longer been compared to just SARS but possibly something bigger than that.
Regardless of what your portfolio allocation is, chances are it brings some magnitude of damages to your portfolio even if you are holding gold as a safe haven hedge. Cryptocurrency is not spared either, dropping a massive 40% from the recent peak where bitcoin hits $10k.
The past week we've seen Black Monday, Black Thursday and then Black Friday (before bouncing off the lower low) within a space of a week. This is...