Congratulations! We are officially halfway through the longest year ever, we should all get two birthdays this year for everything we have been through. This year has quite the roller coaster but more than ever before it has been a year of change, years from now we may be telling our kids of year’s pre-2020 and post-2020. As an extension of this, the investment market is also reacting and companies that fit the mold of the future are prospering and companies of pre-2020 are falling behind.
The weather is heating up and so is the market. The NASDAQ moved back into positive territory on the year while the rest of the major indices remain slightly lower. This shows the separation between the technology that now keeps us connected and the older in-person methods that we used pre-pandemic. This is what many have come to call the “New Normal”, a phrase that has taken on many meanings.
At the time of writing this article, we are on day 37 of province-wide closures in Ontario and similar time frames for the rest of our great nation of Canada. About 10 days prior to this, all of our schools were temporarily closed on March 14th, 2020 (which would bring that total to 47 days). While it may feel like day 370 (or 470), it has only been 37 days since all non-essential businesses were closed on March 24th, 2020. Yet, the lasting impact may be felt for years to come, with real-world changes coming into our lives. Read more
This has been one of the worst months in history for the stock markets. The economies around the world have come to a screeching halt and the majority of people around the world have been told to stay away from work and stay away from each other to avoid the spread of COVID-19 virus. While the first 3 weeks may have been the worst in history, the 4th week was the best since the 1930s, as we rallied off the back of government stimulus.