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"May you live in interesting times," goes the apocryphal Chinese saying. Whether this is a curse, or a blessing is open to interpretation, as all pithy statements are.
While coming within a whisker of calling the low for the S&P 500, it is fruitless attempting to call short-term market moves.
Investors are grappling with the huge uncertainty caused by the global Covid-19 pandemic. The human and economic impact has been dramatic, both in its magnitude and in its velocity.
The global spread of the coronavirus led to a simultaneous shock on both the supply and the demand side of the affected economies.
The Big Question on coronavirus