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Why common sense matters amid persistent uncertainty

After the largest contraction in several decades in March, stock markets – and the S&P 500 in particular – saw the sharpest jump since 1991 in April.
These erratic shifts indicate a prevailing sense of uncertainty that may leave international investors wondering how to cope with what is a historic crisis in many respects.
When panic takes hold of the markets, as it was the case in February and March, we can tend to...