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It has been one hundred days since the WHO declared the coronavirus outbreak a pandemic. During this time, we experienced the worst sell-off and fastest recovery in stock market history. But the biggest lesson learnt over this period was that old rules no longer apply and many assets became detached from the traditional forces that drive them.After a violent sell-off in March, governments and central banks came to the rescue led by the US Federal Reserve. Many economies will see their GDP’s shrink by the fastest rate on record in the second quarter, but valuations are near historic highs... Read More
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