With the global pandemic surging anew, governments around the world are developing additional measures to counteract the macroeconomic strain wrought by widespread illness and restrictive measures implemented to counteract its spread. Meantime, though still volatile, the domestic equity market sits just a few steps below its February peak. That apparent mismatch begs some questions we thought worthy of an address in this and upcoming commentaries. While our “answers” to these questions may not be what readers might expect or desire, we hope that they provide means for parsing ongoing trends in the outbreak and the market’s reaction to them.

Listen to CIO Mark Mowrey introduce this month's commentary:

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