The final week of March starts today, and unless things turn around quickly, this could end up as one ugly month. March is historically fairly kind to the markets, but the Dow Jones Industrial Average and the S&P 500 are both looking grim.
The Dow Jones, down 6.0 percent so far, is on the verge of putting in its worst March since 1980, when it declined 9.0 percent, according to WSJ Market Data Group. The S&P 500 index is on pace for its worst March in 17 years, since a 6.4 percent March decline in 2001, having lost 4.6 percent so far. The Nasdaq, down 3.9 percent on the month, is staring looking at its worst March decline since 2001, when it fell 14.5 percent.
Amid all this, the CBOE Volatility Index was nearly 57 percent higher last week. Wall Street’s so-called fear index has more than doubled thus far in 2018.
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