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As we sit here evaluating asset markets, one of our portfolio managers, Steve Smith, occasionally thinks about markets in terms of music. Thinking about the issues facing credit investors, both corporate and structured, REM's It's the End of the World: And I Feel Fine starts reverberating through our heads. But is it really the end of the world as we know it?
Yes, we are facing a global pandemic and authorities have taken bold and significant action to address the virus on both healthcare and economic levels. Yet, COVID-19