This weekend I read this well-argued bearish take. I tend to agree with the author that the last few weeks’ gains have been a gift: an opportunity to exit a market that hasn’t yet seen the bottom of a W-shaped recovery (you are still in the first “V”)
I find myself repeatedly thinking about the permanent lifestyle changes Covid-19 will induce, and how to guess who will be the winners and losers. Some portion of the population- 10%? 20%?- will never again go to a movie theater, for example. I read today that buffets as we know them will cease to exist.
Is one company’s loss another’s gain? Do MSFT and ZM benefit proportionally from the airlines’ loss when video chat meetings replace business travel for some portion (5%? 15%?) of Corporate America?
The big question, is the US economy a machine that we can turn back on as quickly as we shut it down? The world economy?
https://seekingalpha.com/article/4338344-hated-rally-ever-is-gift-for-investors-to-now-sell
I find myself repeatedly thinking about the permanent lifestyle changes Covid-19 will induce, and how to guess who will be the winners and losers. Some portion of the population- 10%? 20%?- will never again go to a movie theater, for example. I read today that buffets as we know them will cease to exist.
Is one company’s loss another’s gain? Do MSFT and ZM benefit proportionally from the airlines’ loss when video chat meetings replace business travel for some portion (5%? 15%?) of Corporate America?
The big question, is the US economy a machine that we can turn back on as quickly as we shut it down? The world economy?
https://seekingalpha.com/article/4338344-hated-rally-ever-is-gift-for-investors-to-now-sell
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