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A Look at Markets: Sectors, Styles, and Commodities
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Let’s imagine for a second that we have a time machine, and the date today is February 19th, 2020. The S&P 500 is at an all-time high and most markets are doing pretty well. We then use our time machine to flash forward 6 months. The S&P 500 is basically at the same place as it was back in February. All would seem to be fairly normal when just looking at the markets.
Now, we take a step outside. Everyone is wearing a face mask; in fact, you cannot even go into a grocery store without one. You see a report saying that nearly 3 quarters of a million people have passed away from a virus that has infected nearly 20 million people around the globe. Many small businesses had been forced to close for a few months due to a virus, and some others located in major cities have been forcibly shut down due to social unrest. On top of all that, there is a Presidential election in less than 3 months and the campaigning has barely begun.
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