MacNicol’s Monthly Commentary – March 2020

Late February’s stock market action has the dubious distinction of having set a number of dastardly investment records. We will avoid rehashing the painful plethora of horror stories here as many investors continue to lick wounds. At the same time some market stats made even our eyes water and had us thinking “Lehman moment” if only for a few hours. For instance, have a look at the yield on the US 10-year note. We do reference lending the US Government money later on…


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