The global spread of the coronavirus led to a simultaneous shock on both the supply and the demand side of the affected economies.
The Big Question on coronavirus
Will QE and helicopter money do more harm than good?
Calls for helicopter money
Coronavirus concerns
As the coronavirus spread peaks, persistence and penetration are at this point uncertain.
In a world of slow yet steady, non-inflationary economic growth, interest rates are likely to remain at relatively low levels over the medium term.
Equities, bonds, gold, even Bitcoin, along with a range of other assets, have chalked up big gains since the US Federal Reserve made a sharp policy U-turn by cutting interest rates in response to slowing economy last autumn
2019 saw strong positive total returns across nearly all asset classes.