Be humble or be humbled.
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Will PMIs Show Economies Hit Bottom? Are US-China Tensions Rising Again?
March was when the markets froze up. Many, including myself, thought closing the markets was possible as has been done during other big shocks and without jeopardizing the reputation of exchanges or officials. Central banks and governments around the world began responding in earnest to the impact of economic shutdowns the market disruptions. The MSCI All Country World Index (ACWI) bottomed on March 23. So did the S&P 500, while Europe's Dow Jones Stoxx 600 bottomed a week earlier (March 16), and the MSCI Asia Pacific Index recorded its low a couple of days later (March 19). April was about further policy ... (full story)