Insights Monthly Jun 2020


Download Insights Monthly June 2020

The world economy has entered its sharpest and deepest recession since the Great Depression almost 100 years ago, yet equities are in the midst of a raging bull market. By the end of May, global equities, as measured by the MSCI World index, had returned 35% from the market bottom on 23rd March, an exact mirror of the 35% decline between the bull market peak on 19th February and the March 23rd low. The pace of both the decline and subsequent recovery, including a further gain of almost 5% in developed world equity markets in May, is without precedent.

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