The Coronavirus that broke the camel’s back


This article from Research Affiliates gives us four big reasons to expect the financial markets to continue to downgrade asset pricing. Written in March of 2020, it warned of a severe selloff. Little did they know the Dow was about to take a 10,500 point tumble. It is true that the Dow did, with some fits and starts end the year up about 7.5% but, without knowing the devastating impact of the Coronavirus on the US economy, he was prescient.