Davis, Steven J.; Liu, Dingqian; Sheng, Xuguang - National Bureau of Economic Research - 2021
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. Over the next 11 days, stocks … fell another 10 percentage points as mobility dropped 40 percent. From 23 March to 9 April, stocks recovered half their …
