September 2020
Alfred Lam, CFA, Senior Vice-President and Chief Investment Officer and Marchello Holditch, CFA, Vice-President and Portfolio Manager CI Multi-Asset Management
The last few months have been one of the most unusual periods in memory regardless of your age. Many sectors within the global economy shut down and the impact has been even more widespread. While U.S. gross domestic product (GDP) is expected to fall by at least 10% this year compared to 2019, the aggregate price of stocks, as measured by the market capitalization of the Russell 3000 Index, is up by 10% as at September 1, 2020.
