By Barry Schwartz, Chief Investment Officer
As the world slowly begins to reopen, market participants are betting that the worst of the Covid-19 crisis is behind us. As a result, North American stock markets picked up in May where April left off. We have come a long way from the worst levels we encountered in March. After one of the fastest and most vicious stock market drops in history, the S&P 500 index has recovered a stunning 39% off the bottom. Most importantly, stock market volatility lessened significantly - thank goodness.
Unquestionably, the economic headlines