Wed, July 01, 2020
Global equities, as represented by the MSCI All Country World Index, rose by more than 19% in the second quarter, recovering a significant amount of the losses from the first quarter. Year-to-date through June 30, the MSCI All Country World Index declined approximately 6%. The second-quarter market rally was helped by fiscal support provided to households and struggling businesses, forceful central bank intervention, and efforts to relax economic shutdowns.