"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.
Covid-19 will impact the companies driving global decarbonisation in the short term, just as it is affecting all businesses.
While coming within a whisker of calling the low for the S&P 500, it is fruitless attempting to call short-term market moves.
As ever, looking at Japan from a Bull/ Bear point of view proves to be a challenge.
European equities have declined 26% during 2020 owing to the rapid spread of the Covid-19 pandemic. Consequently, economic activity indices have declined to multi-year lows.
Amid the increasingly sobering economic projections and single issue news coverage, it is easy to become blinkered.
It has been a difficult 2020 for stockmarkets, as the world fights to contain the coronavirus outbreak.
The international spread of Covid-19 has spooked markets into some of their worst days since 1987.
We are concerned that the coronavirus could prove to be a headwind to short-term economic growth. At the moment, it is not clear whether the crisis will last a few months or longer.
While a global crisis in which large swathes of the world's population have been locked down will, inevitably, leave some companies floundering, others are likely to emerge stronger than before.