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Financial Market Update April 17, 2020

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Almost 4 years of silence and no excuse... well, at least not one I can talk about without stirring up hate mail 😁. I will try and make up for it.  I would also like to remind the reader that time and events pass through a high speed rendering past comments superfluous, though also more poignant at times.  Today, this report reflects on the following topics: Financial Market Update April 17, 2020 DRIVING UNDER THE INFLUENCE -  Financial Markets beleaguered by COVID-19 Preamble COVID-19 Grounded  The Damage is Done, Facts and Charts Asset correlations   Early warning signs Summary Part 1 "This Time, It is Different" Short-term Brief Past Events and their Lessons  1987, Black Monday 2000, tech bubble burst  2008, banking crisis Lessons learnt Summary Part 2 A Big Picture View  Should we have known? Living in Denial Quo Vadis, Caesar? Summary Part 3a  “The required commercial impetus” Financial Assets to wa