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Covid-19 market turmoil: Is the worst over?

After recent rebound, with a tough road ahead and things likely to get worse before they get better, some "market timers" might want to sell

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With economic activity and international trade slowing quickly, companies were suffering reduced cash flow and needed to borrow more US dollars. The tighter US dollar liquidity that ensued weighed on the markets.

THIS past week, I lowered my exposure to US stocks by redeeming some units in a fund. The steep rise in the market from its March lows, even as corporate profitability is worsening, seemed too good an opportunity to pass up.

As the transaction was executed, It occurred to me that...

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