"There have been as many plagues as wars in history; yet always plagues and wars take people equally by surprise." ― Albert Camus, The Plague

“Great winds are powerless to disturb the water of a deep well.” ― Chinese Proverb

Clues from Recent Asset Classes’ Behavior

Macro: The Virus Has Resurged… The Economic Recovery Has Stalled

Oil: Consolidation Until the Drawdown in Inventory Becomes Clear

MENA: Overview of a Few MENA Markets