There were few places to hide on another punishing week for global equity markets as the coronavirus-related shutdowns continue to wreak havoc on the global financial system.
Despite unprecedented monetary policy action by central banks and promises of substantial fiscal stimulus, a forthcoming recession appears inevitable and unavoidable but hopefully short-lived.
Following a decline of nearly 10% last week, the S&P 500 plunged another 15% while the Dow Jones dipped another 4,000 points on the worst week for stocks since 2008.
READ FULL ARTICLE HERE
