- The rapid spread of COVID-19 dominated headlines, altered daily lives and spread fear across capital markets.
- Government aid and policy responses globally have been both material and rapid.
- Balanced investors benefited from fixed-income holdings to offset large equity losses, though only the safest of safe-haven assets realized gains.
- An oil price war between Saudi Arabia and Russia caused crude prices to plummet 66% to near USD $20/barrel.
It’s hard to imagine a more dominant news story than the spread and impact of the Coronavirus (COVID-19) pandemic…
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