Xuguang Simon Sheng

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Stock Prices, Lockdowns, And Economic Activity In The Time Of Coronavirus

by Steven J. Davis, Dingqian Liu, Xuguang Simon Shengvia Jacques Polak Annual Research Conference
Tuesday, November 3, 2020

Stock prices and workplace mobility trace out striking clockwise paths in daily data from mid- February to late May 2020. Global stock prices fell 30 percent from 17 February to 12 March, before mobility declined.