MacNicol’s Monthly Commentary – May 2020

Though a large contingent of lawmakers, central bankers and health care experts continue to deal with the enormous economic and human impact of COVID 19, attention is beginning to shift towards what life may look like once the crisis has passed. The MacNicol Investment Team is cautiously optimistic about financial markets but not in a manner that conjures up images of whistling past a graveyard.  The debate currently making its way around economic circles is whether the recovery will be “V” shaped, “U” shaped, “W” shaped, “L” shaped or (take your pick of the remaining 22 letters in the alphabet) shaped. It is a debate we are interested in following, but for the most part don’t really have an opinion on.


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The Monthly May 2020