Coronavirus anxiety and a potential oil price war have contributed to increased volatility in the markets.
Investors should be mindful of trading best practices, particularly during times of heightened volatility.
Given significant pre-market volatility driven by coronavirus anxiety and the beginnings of a potential oil price war, there was considerable uncertainty as stock markets were set to open on Monday, March 9. Shortly after market open, we saw the triggering of Level 1 Market Wide Circuit Breakers (MWCB) for the first time since they took effect in 2013, resulting in a 15-minute trading halt across all National Market System (NMS) securities.
As a reminder, there are three MWCB levels that trigger trading halts at various thresholds and time durations: