Economic red flags were scattered across April 2020. The International Monetary Fund (IMF) forecasted that the current global economic downturn is much deeper than that of the financial crisis in 2008. Amazingly, all the negative news of bad economic data and dovish forecasts did little to stop the stock market from rallying.
Financial markets around the world and MYTHEO portfolios were generally weaker in the month of March due to the rapid rise of COVID-19 infections globally, especially in North America and Europe.
To all MYTHEO investors,
I hope this note finds you and your dear ones well, safe and healthy. It is indeed a challenging time for us all.
Global market performance started strong in February but dropped dramatically during the final week of the month due to the hike of coronavirus (COVID-19) cases outside China, particularly in Australia, Italy, Iran and South Korea.
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