The coronavirus COVID-19 recession and crash will not be short or shallow. We should expect more economic damage. The stock market is still overvalued and likely to fall further. Use this correction as a chance to position your asset allocation into the “smart everything” and alternative energy world that is developing. It is there that enough growth exists to generate gains. Our research shows that over 100 companies in the S&P 500 are at serious risk of becoming zombies or going bankrupt.
Coronavirus is causing severe human suffering. The equity markets are also suffering. However, valuations were looking for a reason to correct. The stock market can easily drop another 25-35%. Use this correction to move away from “old economy” disrupted investments and move towards “smart everything” and alternative energy world investments.