Markets were not kind to investors during the first quarter. Global stocks dipped almost 5.5%.1 Most all equity asset classes were down: US stocks dropped just over 4.5%, developed-foreign markets lost almost 6% and emerging markets went down almost 7%.2 In fact, across the major equity classes, we saw only two positive results.
Where to begin in a review of 2020? A global pandemic. An oil price collapse. An impeachment trial. A market crash. Wildfires on the West Coast. Floods on the East Coast. Lockdowns. Mass unemployment. Olympic Games postponed. Nationwide civil-rights protests. A contested election. Even murder hornets. One could be forgiven for expecting an investment review