Market and Portfolio Update Q1 2021
The First-quarter of 2021 had just passed and the year 2020 was difficult and emotional for all as a global pandemic ravaged the economy, thrusting it into the deepest recession if not depression on record and causing unprecedented pain for families around the world, with roughly 127.5 million confirmed cases of COVID-19 and 2.8 million deaths as of this writing (Thursday, 1st day of April 2021).
During the early days of the pandemic when governments around the world imposed mandated total lockdowns, I predicted that the global markets would go all-time high as the world government's stringent economic policy tools at its disposal, including a highly accommodative Federal Reserve stimulus and the COVID-19 vaccine that would serve to return the world to normalcy, buoyed the markets. True enough, Worldwide Stocks climbed and climbed!
Through it all, the inflated bubbled market, just a matter of time, would eventually burst and may translate to what I will call the greatest great-depression-era.
DISCLAIMER: I'm not a Certified Financial Planner. Published herein is my personal opinion and should not be construed as a recommendation, an offer, or solicitation for the subscription, purchase or sale of any securities.
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PHP: Thursday, 1st day of April 2021, Philippines.