Special Investment Update: April 2025
Every few years, global share markets exhibit extreme volatility, and the causes can be many and varied. We all recall the onset of COVID-19 in early 2020, an exogenous shock, where lockdowns halted production and consumption overnight. The index representing the top 500 companies in the US (the S&P 500) plunged 34% in just 23 days, and volatility measures rose sharply.