These are frightening and unusual times. Economies, financial markets, and people around the world are gripped with coronavirus fears. We’ve gone from a buoyant economy that was supported by a very healthy consumer to a full-blown crisis. The S&P 500® Index declined 19.6% in the first quarter and experienced the fastest move into bear market territory in history. The Russell 2000® Index declined 30.6% and the Dow Jones Industrial Average had its worst first quarter ever. The market’s swoon has been nauseating and very few stocks have been defensive.