On February 20th 2020 the markets began to react to Covid-19, as one country after another was plunged into lockdown. On the 11th March the World Health Organization declared the outbreak a pandemic and by March 23rd the S&P had lost 34% of its value.
Fast forward twelve months and the trading landscape has changed forever – but not necessarily as a consequence of the virus. Instead, the retail trading revolt of Reddit users has been the true catalyst to change the game entirely. Even more so than a global pandemic.