As we turn the page to the last quarter of 2020, it is not hard to understand why investors are on the edge of their seats.
After experiencing the Covid market crash and the aggressive policy-driven recovery in a fraction of a year, the markets' roundtrip set speed and distance records. Investors now face a mind numbingly complex array of risks in Q4 and beyond thanks to the virus, the upcoming US Election, and a number of more idiosyncratic challenges, with many either directly or indirectly driven by the virus-induced drop in economic activity. What's next? The potential for volatility is clear. But the configuration of value, fundamentals, and fiscal and monetary policies leaves us relatively optimistic...
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