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.
US equity markets have had their worst quarter since 2008.
As Covid-19 sweeps across the globe, a recession looks unavoidable.
Asia was first into the coronavirus crisis, with China officially reporting cases in mid-January, but it is showing encouraging signs that it may be the first to emerge from it.