After seeing markets move toward a recovery, Denise Chisholm, sector strategist, discusses where things may go next and which areas to consider. Denise believes we can draw a few conclusions looking at historical market data: stocks can bottom early in short and sharp recessions; recovery may be conditional on the stimulus received; and it is important to look at valuation spreads and defensive indicators, which suggest a higher probability that we can discount a recession. Denise explains her process for assessing the current crisis, and reflects on how the current crisis compares to the other past crises. Denise also unpacks how central banks around the world have responded swiftly and decisively to the March market crash via unprecedented monetary and fiscal stimulus.

Recorded on June 17, 2020.