Insight – Harmony Cautious Income’s time to shine?
The coronavirus crisis is an era defining event; life before coronavirus and life afterwards. Above all it is a humanitarian crisis on an epic scale, the speed of its destruction fully illustrated by its spread. It has delivered an economic shock and market declines with a speed and severity unprecedented in modern times. However, the free fall in markets was stopped when the Federal Reserve and other big central banks stepped in with massive support packages and as a result markets rallied sharply from the late March lows.