Data: CivicScience surveys; 14,940 total respondents; MOE ± 2%; Chart: Axios Visuals

New data from CivicScience show Americans remained calm about their retirement savings between late January and mid-March, despite significant losses in the stock market.

The intrigue: Bank of America Securities' Bull & Bear indicator has fallen to its lowest possible level, zero, indicating a strong buy signal.

  • However, the last time the indicator fell to this level of "extreme bearishness" was in July 2008 ahead of the Lehman Brothers bankruptcy four weeks later.

BofA global research analysts note that it's unlikely we've yet hit the lows — "perversely this only likely [happens] once virus numbers improve and recession numbers don't improve."

  • They're expecting the S&P 500 to fall another 90 points to 2,450.
  • Goldman Sachs analysts see the index falling to 2,000, another 20% down from its current level.

The last word: "The stock market is a leading indicator of business trends, and corporate activity continues to deteriorate with no signs yet of a bottom," Goldman analysts said in a recent note.

  • "The speed of business erosion is unprecedented."

Go deeper: 96% of small business owners are already feeling coronavirus impact

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Amy Coney Barrett sworn in as Supreme Court justice

Amy Coney Barrett took the constitutional oath to serve as a Supreme Court justice at a White House ceremony Monday night, not long after the Senate voted to confirm her nomination to the high court in a 52-48 vote.

The state of play: Justice Clarence Thomas administered the oath. The Supreme Court wrote in a statement that Barrett will take the judicial oath on Tuesday, at which point she will be able to begin her work on the court.

Gulf Coast braces for Zeta after storm strengthens into hurricane

Hurricane Zeta's forecast path. Photo: National Hurricane Center

Louisiana Gov. John Bel Edwards (D) declared a state of emergency Monday as Zeta strengthened into a hurricane and threatened Mexico's Yucatan Peninsula as it moved towards the U.S. Gulf Coast.

The state of play: Zeta was expected to make landfall on the northern part of the Yucatan Peninsula Monday night, bringing with it a "dangerous storm surge" and "heavy rainfall" as it moved into the Gulf of Mexico, the National Hurricane Service said.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: The swing states where the pandemic is raging — Pence no longer expected to attend Barrett confirmation vote after COVID exposure.
  2. Health: 13 states set single-day case records last week
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. World: Restrictions grow across Europe.
  6. Media: Fox News president and several hosts advised to quarantine.