Investment thesis: the bond market is very volatile. Treasuries are still near their highs for the last several years; other parts of the market have rallied from lows due to the Federal Reserve back-stopping the market. However, this is not a good place for any but the most seasoned of investors. Right now, cash is king.
The Federal Reserve released the first pandemic Beige Book. It was understandably terrible (emphasis added):
Economic activity contracted sharply and abruptly across all regions in the United States as a result of the COVID-19 pandemic. The hardest-hit industries—because