A Beginner’s Guide to Coupons: What Is A Bond?

Over the last 17 months, the American stock market has been on the roller-coaster of all roller-coasters. Due to the economic shutdown caused by the pandemic in March of 2020, the market set three records for the speed in which it dropped. Day one, the Dow fell 7.79%. Day two, it dropped another 9.99%. Day three was the worst drop of all, free-falling nearly 13% and tripping the limit-down “circuit breakers” which halted trading. The bottom dropped out of the market, and investors feared that this was 2008 all over again. Fast-forward to the very next month, and we are out of…