Q1 2020 – Annandale Capital Quarterly Commentary

The start of 2020 was marked by one of the sharpest market corrections in history. From their peak (2/19/20), global equity markets fell 33.9% in a matter of only 23 trading days. Investment grade and high-yield corporate bonds witnessed corrections similar in speed. LQD, an ETF tracking the investment grade corporate bond market fell 21.7% […]