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Safe-haven assets for U.S. equities during the 2020 COVID-19 bear market

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  • Chung Baek
  • Thomas Jackman

Abstract

The recent stock market downturn is differentiated from the previous ones as it is due to an economic, rather than a financial occurrence (the COVID-19 Pandemic). The purpose of our study is to examine gold, bitcoin, and U.S. Treasury bonds as a safe haven during the COVID-19 bear market. Unlike many studies that support gold as a traditional safe haven for stocks, our study finds that bitcoin and Treasury bonds perform better as a safe haven than gold during the recent COVID-19 bear market.Â

Suggested Citation

  • Chung Baek & Thomas Jackman, 2021. "Safe-haven assets for U.S. equities during the 2020 COVID-19 bear market," Economics and Business Letters, Oviedo University Press, vol. 10(3), pages 331-335.
    • Handle: RePEc:ove:journl:aid:15335
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    File URL: https://reunido.uniovi.es/index.php/EBL/article/view/15335
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    References listed on IDEAS

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