April 2020 - Review of the Markets and EconomySubmitted by Tradition Advisers on April 20th, 2020
Macro Overview – With the coronavirus continuing to wreak havoc on markets and economies worldwide, governments and businesses are confronting an unprecedented environment. In response, massive fiscal and monetary stimulus efforts put into motion by the administration and the Federal Reserve are expected to provide unparalleled economic stimulus.
- The IRS has extended the tax filing and payment deadline.
- Equity markets experienced volatility in March not seen since the 1930s.
- Credit markets experienced dislocation in March.