In each of the four US market recessions since 1990, EMs were the first to recover demonstrating a significant jump from trough to peak. For instance, EM equities gained 33% in the three months after global equities hit a bottom in the last week of March 2020 .
Berkshire Hathaway spends down cash pile under CEO Greg Abel
Berkshire Hathaway reduced its cash hoard to $365.5 billion in Q2, as CEO Greg Abel deployed capital into $4.5 billion of stock buybacks and nearly