MACROSCOPE: May marks inflection month for markets

Global equities have posted a robust recovery this month, to the universal relief of investors everywhere. The TSX Composite’s 32.5% surge from its March 23 low (as of close on April 28) has enabled it to claw back just over one-half of its 38% plunge from its February 20 peak, while the S&P 500’s 30.6% rebound from its March 23 low has pared its 35% decline by a similar level. Click here to read the rest of Macroscope No. 30