Phil D'Iorio / July 7th, 2020
Global Strategy Second Quarter Review
The first half of 2020 is officially over, and it was certainly an eventful period. During the first quarter of 2020, investors witnessed the fastest 30% drawdown in the history of global equities only to be followed by one of the largest 50-day advances in market history during the second quarter. Improving economic data, massive amounts of stimulus, and encouraging news about a potential coronavirus vaccine have been the key drivers behind the stock market’s resurgence.