61. When things stop getting worse, pleasant surprises and stock market epicentres

Speaking to us from the US, David Eiswert, manager of T. Rowe Price Global Focused Growth Equity fund, describes the current crisis as akin to a “natural disaster” or a “man vs nature” fight that warrants different responses to other crises. David believes that stock markets will bottom “when things stop getting worse” – not when there is an absence of risk, but when risk has diminished. Could that time be now?