Still remember that brutal March 13, 2020? The stock market was absolutely getting hammered that day. All three major indexes—Dow, S&P 500, and Nasdaq—closed deep in red territory. The Dow dropped over 10% to finish around 21,200, the S&P 500 fell 9.5% to hit 2,480, and the Nasdaq took a 9.4% hit landing at 7,201. It was honestly one of the worst sessions in decades, comparable only to the Black Monday crash back in October 1987. The fear index, VIX, was sitting at 68.19, reflecting pure panic in the markets. On the NYSE, decliners were absolutely crushing advancers in a 23.77-to-1 ratio. Everyone was terrified about the coronavirus spreading globally and what it meant for corporate earnings and supply chains. The Fed tried to calm things down by announcing they'd pump $1.5 trillion into the financial system. They were planning to inject at least that amount by March 13, 2020 itself, offering repo operations left and right—$500 billion three-month repos and one-month repos to keep liquidity flowing. But even with all that central bank firepower, it wasn't enough to restore confidence. Meanwhile, the political side was a mess too. Trump and top Republicans weren't backing the Democrats' coronavirus relief bill, which created even more uncertainty. On the economic data front, producer prices had just cratered, falling 0.6% in February—the worst drop in five years. Initial jobless claims for the week ending March 7 came in at 211,000, though that was actually down slightly from the previous week. It was a perfect storm of panic, policy uncertainty, and economic headwinds all colliding at once. Looking back now, that March 13, 2020 session was really the inflection point where markets finally hit bottom before the massive recovery that followed.

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