Greg Leonberger, FSA, EA, MAAA
Director of Research, Managing Partner
With March officially in the books, the following is a brief summary of what has transpired in the capital markets since our update early last week. As expected, the coronavirus has exploded across the U.S. and continued its spread across Europe as well. At the time of writing, the number of cases is approaching 1 million worldwide and has exceeded 200,000 here in the United States. Stocks finished their worst quarter ever on Tuesday and volatility continues to haunt the markets. While the worst may still not yet be behind us, we hope that the growing number of shelter in place edicts and more consistent social distancing may help to stem the coronavirus outbreak across the world. Please note that all return data in the following discussion utilizes the quarter end date of March 31st, 2020.
Year-to-date, bank loans and high yield bonds have been subject to a variety of market forces similar between the two…
Small businesses are often thought of as the backbone of the U.S. economy. Long before the coronavirus, the Russell 2000…
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