In what feels like a distant memory, the first quarter of 2020 began on a positive note, with the S&P 500 rising to a record high on February 19. Markets quickly retreated as investors digested the impact of COVID-19 on the global economy.
In the midst of the COVID-19 pandemic, the environment of highly valued equity markets has undergone a sudden shift to a bear market. What are the immediate term and potentially long-term implications on asset allocation?
April is setting up to be a transformational month for understanding how the global economy and financial markets will recover from the COVID-19 pandemic gripping the world. Investor’s patience are being tested, and low prices may tempt some investors to rush into equities.
It is easy to be cautious about the future when COVID-19 is spreading across much of the world, undercutting economic activity. Many governments are working to offset this loss with monetary and fiscal policies.
Born out of the hard lessons learned from early 20th-century market crashes and the First World War, the concept of a diversified investment fund was formalized under the Securities Act of 1933 and Investment Company Act of 1940.
Taxable investors are right to be concerned with measuring performance on an after-tax basis. However, to put after-tax performance in perspective requires a benchmark, just as pretax performance measurement does.
With unprecedented health concerns and economic uncertainty at the forefront of everyone’s mind, Edward Marshall sat down with Richard Perez, to provide guidance on how to put these events into perspective.