The global pandemic crisis has thrown us into an unprecedented period for global equity markets.
We are going through an near-synchronised global shock to both supply and demand, leading to one of the most severe economic downturn in history, and certainly the most rapid recession we have seen in our lifetimes. This has led to sharp downgrades in earnings expectations, and a significant rise in market volatility, with stockmarkets experiencing the fastest bear market since WWII in March, followed in the space of a month by the fastest bull market since 1974. Coronavirus Blog: UN suggests temporary basic income for developing countries As we look ahead and reflect on the potent...
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