iA Wealth: Monthly Market Snapshot
It was an historic quarter and a wild way to start the decade, as the global economy was brought to an abrupt halt due to the COVID-19 pandemic. The virus has drastically changed our daily routines, with self-isolation and social distancing now the everyday norm. Businesses and schools have closed, with many countries around the world on lockdown. The result for equity markets was a free-fall not seen since the global financial crisis of 2008. The circumstances resulted in governments and policy makers around the globe putting dramatic monetary and fiscal measures in place to support the economy, as the world attempted to “flatten the curve”. At the end of the quarter, total cases of COVID-19 had surpassed 873,000 worldwide, while the death toll had risen above 43,000. Click here to continue reading iA Wealth’s Monthly Market Snapshot.
This information has been prepared by Luft Financial. Opinions expressed in this article are those of Luft Financial only and do not necessarily reflect those of IA Private Wealth. Furthermore, this does not constitute an offer or solicitation to buy or sell any of the securities mentioned. The information contained herein may not apply to all types of investors.
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