The economic havoc and social upheaval we have witnessed over the last month is hard to imagine.
The human toll so far has been devastating and sadly there is more to come over the next month.
Markets have been focusing on the virus headlines and the fiscal stimulus response announced by governments.
While this is perhaps not surprising, the damage to the revenue of most businesses and the flow on effects of this for economies is seeing less of a focus so far. The initial selldown was liquidity driven regardless of the asset class, we are now waking up to the reality of the situation.
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