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Crisis/LiquidationMarch 16-20, 2020

COVID Crash Week

March 16-20, 2020

Interactive walkthrough of the most volatile week in modern market history.

What Happened

Circuit breakers were triggered during the pandemic selloff

Fed Action

The Federal Reserve had reduced the target range and announced Treasury and agency MBS purchases

S&P 500 ETF proxy (SPY)

239.85

-10.94%
VIX

82.69

+42.99%
HY Spreads

838 bp

Above generated high-spread boundary

Session

Monday

Mar 16, 2020

What VantMacro Would Have Shown

Regime

Crisis/Liquidation

Classifier accuracy has not been calibrated

Most Likely Next

Post-Shock Recovery

Observed next-regime frequency: 37.1%

Historical Duration

Median: 3 days

Based on 116 observed periods

Compare to 397 Historical Transitions

Compare this case study with the generated regime history from 2003-12-25 to 2026-07-16.

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Full regime history (2003-12-25 to 2026-07-16)
Asset performance by regime
Observed transition frequencies

This case study uses historical data for educational purposes. Past performance does not guarantee future results. The regime classifications shown are based on VantMacro's empirical framework applied retrospectively.