Amid the bear market: 10 themes to consider

U.S. stocks peaked on 19 February, then plummeted in the deepest and fastest decline to a bear market in history. Last week, prices rebounded sharply, as the S&P 500 Index experienced its largest weekly gain since 1938, up over 10%. At this point, we expect economic data will decline sharply, but we also think we’ve already seen the primary low for this bear market. Clarity will take time to emerge, but we see opportunities at depressed prices.