Q3 Market Commentary – November 2020

We're already into Q4 – this year is sliding by at great speed. Here's the latest Market Commentary from our investment committee, reflecting on Q3.

2020 has been a rollercoaster for investors. The first quarter saw the fastest 30% fall in the history of global equities, the next quarter saw the largest 50-day advance since records began and quarter three continued to build on this recovery seeing a 3.8% increase in global equities.

The initial recovery was driven by unprecedented levels of financial support by central banks and governments.  With the virus apparently subdued lockdowns eased and economies continued to recover in quarter three.

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