With the many events that have happened over the past two months, we will review what has occurred in the economy, in the financial markets, and with the Compass Portfolios.
A quick reflection on the first quarter of 2020.
Despite efforts taken to counter COVID-19 the number of diagnosed cases continued to grow, and steps taken to minimize the resulting economic interruption took center stage.
At the middle of the third week of March, the number of COVID-19 cases grew rapidly but so did the countervailing efforts meant to slow the virus’s spread.
As the second week in March concluded, the real-life ramifications of COVID-19 came into closer focus and the financial markets continued to react.
Into the second week of March, financial markets continued to reflect extremely heightened emotions about the potential economic fallout from the spread of COVID-19.
What are the economic and investment implications, if any, and what is the path forward for an investor?