NEW QUICK VIEW (@ 2020-08-07 16:41:30)
The general mindset of investors in 2020 seems to be that the sell-off we saw in February and March was similar to the GFC in 2008 and in a sense we have now cleansed the palate and should prepare for another 10 year bull-run. I completely disagree. February/March 2020 was not like 2008, but more like Q4 of 2018. In 2018 there were concerns about rising interest rates which caused the market to drop, while in 2020 US dollar strength and a dollar funding squeeze off the back of Covid-19 did the same. To me it seems that markets today are more comparable to the early 2000s when the dot-com bubble burst. -LSS Investment Team
