Coronavirus Operations Memo: Click Here | Magnus documents: Form ADV | Form CRS | Privacy Policy

Market Commentary – Q1 2020

April 9, 2020

The Coronavirus Crisis

The first quarter of 2020—and March in particular—will forever be remembered as the moment when a virus roughly a million times smaller than a pinhead brought the world to a standstill. As the novel coronavirus (SARS-CoV2) and the disease it spreads (COVID-19) moved from China, throughout Europe, and into the U.S., hundreds of millions of people were forced to stay in their homes in an effort to limit the spread. Countless healthcare professionals and other essential service workers who could not isolate or work remotely were forced to battle the deadly virus head on, often with inadequate personal protective equipment. The world united in efforts to learn more about this new virus, which was overwhelming health infrastructure wherever it gained a foothold. The public health mantra of “flatten the curve” was thrust into our vernacular.