First Eagle 4Q20 Market Overview: Turn, Turn, Turn
First Eagle Investment Management’s market overview for the fourth quarter ended December 2020, discussing gold as a potential hedge. Q4 2020 hedge fund letters, conferences and more Key Takeaways Though 2020 was a generationally poor period for value indexes relative to growth, hopes that the worst of the Covid-19 recession was behind us helped fuel a fourth quarter rebound in the mature, physical components of the economy most directly impacted by pandemic lockdowns.While the massive monetary policy response to the onset of Covid-19 appears to have cushioned the pandemic’s economic impact, i...