The Great Lockdown vaporized income worldwide, prompting investors to rush the exits in February and March. The Fed and other central banks reacted decisively to the ensuing financial distress as targeted fiscal stimulus was applied to address job losses and forestall spiraling bankruptcies. Sensing progress and opportunity, investors sought out risk assets in April. The future, however, is far from clear given the range of current uncertainties. Buckle up, because emotional reactions and volatility will be with us for some time.