2021 Q1 Newsletter March 31, 2021
It has been one year since the equity markets bottomed after one of the worst selloffs in modern history. To illustrate, the S&P500 fell 35% from its February 2020 highs to reach a low on March 23rd. Since then, the market has staged an equally impressive rebound, up over 70% from the lows. After falling over 20% in the first quarter 2020, the S&P500 has risen in four consecutive quarters, Q2 2020 to Q1 2021.
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