Willow Oak Asset Management commentary for the second quarter ended July 30, 2020.
Q2 2020 hedge fund letters, conferences and more
Overview
The second quarter was one of the most consequential time periods in American history. Risks that existed in the economic and political systems revealed themselves during the quarter due to the COVID pandemic. The stock market crashed. The Federal Reserve and Treasury took the playbook from the 2008 economic crisis and rapidly upsized it. The stock market then reacted swiftly and, amazingly, certain indexes reached new all-time highs despite the economy being closed in most major metropolitan cities.
The volatility caused any given day to provide drastically different results. Investors...

