In this environment of unprecedented uncertainty, the risks that investors must consider are numerous and varied. The damage that’s already been done by the lockdowns and the shutdowns was deep and extensive and we’re just beginning to under­stand the full impact of the covid crisis. In this issue of the Dig­ger, we’ll examine the latest developments and economic indi­cators, as well as the main themes and challenges that will define the months and years ahead. We’ll also look at another important trend that has gone underreported: the pandemic’s role in accelerating the decades-long war on cash. Stay well and stay safe!