Four Financial Questions for Passover, and Easter
On recession, corporate credit spreads, China and emerging markets, and the oddity of sheltering in stocks during a time of war.
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Two of the great religious traditions are about to come together for a day. Friday is both Good Friday, when Christians commemorate the crucifixion of Jesus, and the first night of Passover, when Jews commemorate their exodus from Egypt. It’s unusual for the two to fall on the same day, but they did originate on the same day. The Last Supper, after which Jesus was betrayed, was a Passover seder — the highly stylized meal that Jews eat to memorialize Moses and the escape from Pharaoh. It involves drinking wine and eating unleavened bread, which became the basis for Christians’ Holy Communion.