Dear friends of Arcus Capital Partners,
We hope this letter finds you in good health during this extraordinary time. The past three months provided much needed relief to many global markets after a tumultuous first quarter. However, investors remain focused on the fallout from the coronavirus (COVID-19) as a large portion of the world population is still under some form of lockdown measure, and new cases continue to climb, albeit at a slower pace. Sadly, the global pandemic has not only taken many lives, but it has also wreaked havoc on the global economy and financial markets. Fortunately, during the second quarter, equities rallied sharply after briefly falling into bear market territory, interest rates maintained their historically low levels, and commodities generally rallied.