The first quarter of 2020 was terrible for the global stock market as the coronavirus pandemic resulted in lockdowns and forced people to stay at home. This weighed heavily on business and economic activities across the globe.
In particular, the Dow Jones and the S&P 500 logged in the worst first quarter ever. With mass closures of private businesses, soaring layoffs, unprecedent spike in jobless claims, and declining consumer confidence, investors are growing even more bearish. Revenues of restaurants, hotels, movie theaters, gyms, and airlines have been badly hit with many of them on the brink of bankruptcy. Further, oil price collapsed on lower demand due to the coronavirus outbreak and a price war between Saudi Arabia and Russia (read: 5 ETFs