“The three main U.S. stock indices closed at record highs as concerns over the coronavirus outbreak’s economic impact seemed to fade.”
– Barron’s, February 12, 2020.
Perhaps not the “Dewey Beats Truman” of media misreads, but this quote reflected widely shared sentiments among market participants. “Can anything stop this rally?” the columnist went on to ask rhetorically.
Barely six weeks ago the Dow stood at 29,551. Today it’s 10,000 points lower, the economy at a standstill, global markets in shambles, Americans locked at home...
➢ Next week: How are direct lenders supporting their private equity clients?