Much of the world is in the midst of a downturn, triggered by the deepest and fastest drop in economic activity we have witnessed in several decades. While the April rally, which saw the S&P 500 index posting its strongest monthly gain since January 1987, provided investors with some respite, no one knows if it is a sustainable recovery or a dead cat bounce. 

Uncertainty remains and stocks are likely to remain volatile as investors digest news on the lifting of lockdowns, corporate earnings reports, economic indicators, potential COVID-19 treatments and vaccines, and further geopolitical developments.

With so many variables yet unknown, our goal has been to safeguard our clients by making our portfolios more resilient in a downturn. Has our automated risk managed investing (ARI) strategy worked? Two months may not be sufficient to tell the full picture, but our performance so far has been superior, and underscores why protection