At the start of the year, the world economy was generally healthy, equity indices were at all-time highs, and terms like COVID-19, personal-protective equipment, and “social distancing” were not really in our vocabulary. Now we are experiencing a massive economic shock, equity markets are down more than 20%, and a new set of words are in daily use. The boxer Mike Tyson once said, “Everyone has a plan until they get punched in the mouth.” This past quarter, the world economy got punched in the mouth. Hard.
Read more….. Market Point Q1 2020