We won’t rehash what’s happened to the stock market due to the global pandemic of COVID-19. Like many right now, it’s been overwhelming and just hearing the word “Coronavirus” with constant updates has become all-consuming in everything we do. That said, there will of course be areas of the stock market that continue to get punished but others that provide opportunity once we get through this.
We believe the broad market will recover to the full levels we recently saw within the next three years. Some economic sectors, however, will struggle more than others as have a few additional conflicts to resolve. One such sector is oil and with the SaudiArabia and Russian trade spat we saw U.S. oil prices drop -34% in one night! Which stocks will survive and which have the best chance to recover?
We obviously live in a crazy world with a news cycle that is non-stop. We read this a few years ago but for every piece of “good news” there are 17 being reported of bad news. This is not strictly related to Coronavirus / COVID-19, but with news in general.
Earlier this week a client of ours sent us some articles and pieces of good news with verifiable links to support the stories we perhaps don’t hear enough about.
Finally some better news with documentation…
There is light at the end of the tunnel and here is some news worth taking a peak at: Continue reading →