24 Mar 20 - Local Lockdown | Sydney Airport & Retirement Villages Global markets sold off overnight as the number of covid-19 cases continues to surge higher. The economic impact continues to rise, with uncertainty around a recovery depending on how much longer shutdowns are to be in place. More US cities are now entering into full lockdown, as well as New Zealand and the UK, with Australian having a similar restriction in place. Governments are trying to boost financial aid but investors lost confidence after a $2 trillion congressional spending package failed to be passed overnight. At the same time, the US Federal Reserve has indicated it has unlimited buying power, and has extended its asset purchases to include corporate bonds.  We are watching developments closely as they unfold, and our base case remains that there will be a buying opportunity for medium term investors over the next few months - with quality companies beco...