Market Commentary March 31, 2020
Investors suffered a global takedown of risk assets as a pandemic (COVID-19) originating in the Wuhan Province of China spread across the globe and essentially brought the global economy to an abrupt halt. Equities fell sharply across the board with the S&P 500 Index recorded a -20% drop, the worst quarterly performance since the 2008 financial crisis following the collapse of Lehman Brothers when the index cratered -22%.
