Monetary Policy & Inflation | Rates | US
US equities just finished their worst first-quarter performance in history only to be met with the worst first-day start of a new quarter. 2020 started off with a bang as stocks melted up to new highs, but the rest of the quarter felt like an eternity with multiple days of limit-down moves amid elevated volatility. In addition, we saw high cross-market correlation eliminate places to run for shelter (other than cash). Meanwhile, central banks have been working around the clock to keep things from further coming unglued.
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