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

1 Faculty News April 9, 2020 ![Axios logo 192 x 144](/sites/default/files/styles/246w/public/assets/images/axios192x144.jpg?itok=Bt8W0I5L)>

Excerpt from [Axios](https://www.axios.com/sp-500-rallied-low-point-bc3b9e6b-c6e6-44da-bc13-53890648e7ba.html) -- "Any move of this magnitude naturally elicits the question "why?" I spoke to NYU professor (and my ex-boss) [Nouriel Roubini](https://www.stern.nyu.edu/faculty/bio/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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