Retirement portfolios take big hit | Shocking economic news ahead | Coronavirus latest

Stocks posted double-digit gains this week, but may fall back to their lows before truly recovering.

VIEW IN BROWSER | SUBSCRIBE SAT, MAR 28, 2020 WEEKEND BRIEF EDITOR'S NOTE  The Dow Jones Industrial Average and the S&P 500 finished the week with double-digit gains, but that's of little comfort because these indexes are still well into bear market territory.   Investors who played it safe with the traditional portfolio of 60% stocks and 40% bonds got bit by the bear, too, writes Michael Santoli, CNBC's senior markets commentator. It's only the fourth time that this allocation has suffered a decline of more than 20% since World War II.   Today, in a global war against the COVID-19 virus, we all know the economic news is going to be bad. In the week ahead, we'll get another look at just how bad.   CNBC's Patti Domm writes that we may see "shocker" economic reports that further test the market. The latest data on car sales, manufacturing, services and employment will likely paint a bleak picture of  how much the shutdown has already hit the economy, Domm writes.   Stocks are well off their lows with last week's rally, but as the coronavirus pandemic rages, another pullback is likely.   Investors now know the scale of the monetary response from the Federal Reserve and the $2 trillion fiscal response that President Donald Trump signed on Friday. But the final outcome of the pandemic and the economic damage it will ultimately cause remains unknowable.   Sam Stovall, chief investment strategist at CFRA, expects markets to retest their lows, despite whatever hope this week's rally may have offered.   "There have been multiple times in history … that we saw 20 plus percent rallies before ultimately setting an even lower low," he said.   Thanks for reading Weekend Brief.  Email your thoughts to EveningBrief@nbcuni.com or follow me on Twitter @tellittoal.   Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world. Al Lewis | CNBC Markets Editor @tellittoal MICHAEL SANTOLI'S MARKET COLUMN The traditional retirement portfolio of stocks and bonds is down 20% for only the fourth time since WWII   THE WEEK AHEAD What could be 'shocker' economic reports may test stocks in week ahead   YOUR WEEKEND BRIEFING  Coronavirus live updates: Farmers and police hit by virus, NYC nurses plead for protective gear The US economy has come to a standstill, satellite imagery shows The market is so haywire some Wall Street strategists threw in the towel on giving S&P 500 targets Trump pushes back against congressional oversight for $500 billion bailout fund Cramer's week ahead: 'Lately I've been feeling a bit more optimistic' As retailers extend store closures past the two-week mark, tougher decisions need to be made How the United States fell dangerously behind in coronavirus testing Trump says he told Pence not to call governors who aren't 'appreciative' of White House coronavirus efforts PRO: These stocks are primed for a recovery when the coronavirus crisis passes, analysts say PRO: Top tech stock analyst Sacconaghi ranks his best picks to ride out the coronavirus slowdown     Unsubscribe Manage Newsletters Terms of Service Join the CNBC Panel Digital Products Feedback Privacy Policy   © 2020 CNBC LLC. All rights reserved. A property of NBCUniversal. 900 Sylvan Avenue, Englewood Cliffs, NJ 07632 Data is a real-time snapshot *Data is delayed at least 15 minutes. Global Business and Financial News, Stock Quotes and Market Data and Analysis. Data also provided by THOMSON REUTERS