For the first time since 1918, the world has had to deal with a truly global pandemic. In rapid succession, governments around the world simultaneously imposed quarantines, travel restrictions, business closures and a variety of other measures in an attempt to mitigate the spread of a virus.
While lockdowns and other pandemic response measures helped to flatten the curve, they also created short-term financial turbulence. Equity markets fell over 30 percent in March, forcing governments to respond with stimulus packages and other related solutions.
Markets have recovered since then, but we still face the threat of longer-term economic challenges.
Major Equity Markets’ Performance: January To September 2020 – Volatile Equity Markets