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Macro

Axios Macro

Data: Factset and T. Rowe Price; Chart: Naema Ahmed/Axios

Today is the last trading day of the quarter and stocks around the globe have essentially recouped all losses from the final three months of 2018.

The big picture: Not a single major index ended 2018 in the green but stocks have rebounded, despite intensified fears about a slowing global economy.

Bonus: The S&P 500 is on pace for the best quarterly percentage gain in nearly 10 years, per CNBC.

Go deeper ... Hedge fund manager David Einhorn: "Nothing went right" in 2018

Global stocks have largely recovered from 2018's rough 4th quarter

It's happened despite intensified fears about a slowing global economy.

Business

Stock market

Economy

After a record economic expansion, the coronavirus pandemic sent the U.S. economy into a recession as unemployment soared to staggering heights. The country now faces urgent questions about how much stimulus is needed for reeling consumers and businesses, and what a recovery might look like.