A ROUND TRIP (ALMOST) The first half of 2020 was one for the record books, to say the least. The fastest market decline in history was abruptly followed by the best quarter for stocks in over 20 years, culminating in the largest quarter-to-quarter swing in more than...
Record Highs and Record Lows The year started as 2019 ended with equity valuations continuing to climb. Buoyed by the easing of trade war tensions between the world’s two leading economies, the S&P 500 reached an all-time high in mid-February. However, the...
Last week the S&P 500 recorded its best week since 1974, continuing the trend of unpredictable breakneck movements witnessed over recent weeks. While investors are still licking their wounds following the fastest market correction in history, the Trillion-Dollar...
OVERVIEW In March, social distancing protocols implemented in a bid to contain the spread of CoVID-19 brought global economic activity to a virtual standstill. As a result, the longest ever bull run in history ended abruptly as stocks plummeted more than 20% from...
Economic Outlook The economic fall-out following the outbreak of the Coronavirus has continued unabated in recent weeks. Risk assets have now sold off nearly all of last year’s gains with the S&P down 28% following its record high in February. Bond valuations that...
OVERVIEW In February, financial markets were dominated by the uncertainty surrounding the spread of the coronavirus and its potential impact on supply chains, global trade and growth. Equity markets fell sharply amid this uncertainty while government bond valuations...
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