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June Market Outlook

Best of Times, Worst of TimesThe title of this month’s newsletter is “Best of Times, Worst of Times”, which borrows from the opening lines of the Charles Dickens 19th century classic, “A Tale of Two Cities”.Similar to the extreme juxtapositions described in Dickens’ famous opening lines, today we are grappling with a number of striking contrasts: A record run-up in equity prices alongside an unprecedented speed in economic contraction and unemployment. The successful launch of the historic first SpaceX manned commercial space flight occurring alongside the Black Lives Matter protests. And so on.Earlier this year we launched our monthly outlook series of blog…

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