(LinkedIn) Macro Musings: Global Markets Defy Gravity

If you had a crystal ball at the start of the year, it might not have helped in investment decisions. If you received advanced notice that the first half of 2020 would include a global pandemic, 40 million unemployed Americans, a drop in corporate earnings of more than 30%, a wave of corporate bankruptcies and dividend cuts, social unrest, and even negative oil prices, what would have been your predictions for the S&P 500?

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