There is no way to sugarcoat it. The change came overnight. We went from ebullience on the economy and the financial markets to utter despair. Hundreds of thousands have died globally. Millions are sick and tens of millions are unemployed and struggling to feed their families. In the developed world, schools, stadiums and streets are empty. The sheer scale of the medical, social and economic carnage has numbed the senses.
Read the full newsletter at the link below.Canso June 2020 Corporate Bond Newsletter