Faculty News | Nouriel Roubini

Professor Nouriel Roubini offers thoughts on the underlying causes of the stock market's sharp rebound since its low point on March 23

— 4/9/2020

Excerpt from Axios -- "Any move of this magnitude naturally elicits the question "why?" I spoke to NYU professor (and my ex-boss) Nouriel Roubini to answer that question and came away with 6 main reasons for the rebound. Technical. At the market peak, a lot of investors had leveraged long positions. They faced huge margin calls as the market fell, which forced them to dump even their safest assets at discounted fire-sale prices. When the forced sales ended, fears of a major financial crisis receded, and prices bounced back up."

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Professor Nouriel Roubini offers thoughts on the underlying causes of the stock market's sharp rebound since its low point on March 23