The recent stock-market recovery seems disconnected from the current scope of the pandemic and economic fundamentals.
Industrial production and retail sales plunge in the US. Stockpiling essentials can’t prevent big drop in Canadian manufacturing sales. UK, eurozone and German economies contract. Japan’s leading index in March presents a “worsening” scenario. Australia’s unemployment rate not reflective of true underlying conditions.
A special commentary on Germany’s Constitutional Court ECB decision. Unemployment spikes in the US and Canada. The BoE is watchfully on hold. German and Italian industrial production plunges. Wages for part time employees take a hit in Japan. The RBA on hold but expands eligible collateral for repo operations.
When volatility tests the resolve of even the most steadfast investors, advisors can be instrumental in helping them to stay focused on their ultimate investing goals and remember that they are probably more resilient than they thought they were.