Once markets bottomed in late March 2020, we dusted ourselves off and quickly resumed our march upward. The rush of adrenaline still pulsing, most investors briskly pushed onward with the market rebound, in hopes of making up for lost time. We often remember challenging periods as having been much smoother in distant hindsight than the frenzy they really were in the heat of the moment. Instead of resuming business as normal, let’s take advantage of the recent scare to think about the path forward for overlay strategies.
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