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The three stages of the global economic recovery

It’s time to discard the notion that the shape of a single alphabet—be it the letter “V,” “U,” or “L”—can represent the profile of the coming recovery. Instead, it might be more instructive to think about what lies ahead as a three-stage recovery, each with its own set of key themes, bringing about different kinds of opportunities and risks.

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Rebalancing a portfolio can offer calm amidst a storm

As the world grapples with projections of what it will take for the economy to recover from COVID-19 and the collapse of global oil prices, there’s still the matter of risk that the next headline-driven sell-off could push markets even lower than levels seen thus far. So, what can investors do to keep their balance while facing volatility on one side and an eventual market rebound on the other?

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