Novel Recession
Submitted by Group W - Investment Management on April 7th, 2020For the equity markets, 2020 began with a continuation of the rousing gains that were posted in 2019. The economy was chugging along. Unemployment was low; wages and GDP were rising. By mid-February, the S&P 500 Index had reached an all-time high of 3386. The future looked bright. Ahh, the good old days.