Welcome to Q2

Everything about Q1 was crazy. The winner in the FX market was the Swiss franc but it was a virtual dead heat with the yen and US dollar. All that ignores the wild volatility throughout the quarter.

FX performance in Q1 2020

Here are equity markets. Notice how a few of them have been particularly hard hit in USD terms, though certainly not as hard hit as they had been 10 days ago.

equities