The economic devastation in contrast to the stockmarket racing higher may seem perverse, but it’s not necessarily wrong. Some companies and sectors aren’t even affected. They have global operations and revenue pouring in from various jurisdictions where things are looking better.
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We could say there were few highlights and only one story, however...
Governments moved swiftly to put in place stimulus support.
Central banks supported fixed interest liquidity and slashed interest rates.
Fixed interest provided invaluable support in portfolios.
Unfortunately, sharemarkets across the world fell significantly.