Market & Economic Report
We vividly recall the financial crisis of 2008. The economy was quickly contracting, several financial institutions required bailouts, layoffs abounded, and the stock market plunged.
However, we weren’t grappling with fear tied to a health crisis then. We could attend the theater, eat at a restaurant, travel, or enjoy a live sports event. The roots of today’s crisis are different, and nowadays we are in the midst of both an economic and health crisis. Activities outside the home have been greatly curtailed. It’s unsettling for everyone.
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The purpose of this communication is to provide general information, opinion, and outlook. All references to potential future developments or outcomes are strictly the views and opinions of First International Bank and Trust and in no way promise, guarantee, or seek to predict with any certainty what may or may not occur in global economies and investment markets. The contents of this report should not be relied upon in making investment decisions. Investment products are not FDIC insured.