Maintaining the Long View
We have been met with many new and uncomfortable realities as a result of COVID-19, from fear of the invisible, to distancing and isolation, as well as economies being shut down virtually overnight. The effects have been unprecedented: record unemployment levels, oil futures prices dropping to negative lows and then rebounding, and declines in economic growth not seen in decades.
Equity markets reacted in a similarly extraordinary manner in the spring, falling then rallying quickly. Typical bear markets last between 18 to 36 months, yet this spring we saw one compressed into a matter of weeks.
The global pandemic is far from over, but there has been progress in "flattening the curve" and with economies beginning to reopen. Significant fiscal and monetary measures continue in full swing. What does the road ahead look like?
Click here to read the Summer 2020 newsletter