“Unprecedented” sounds cliché, but it’s still the best way to describe the current market and economic situation: Interest rates are at all-time lows, inflation is down, commodities have fallen, global trade has declined and unemployment has skyrocketed. Yet what’s also unprecedented is the extraordinary fiscal and monetary efforts to stabilize the economy and help markets recover. So what does this mean for value investing?
As the world comes to grips with the coronavirus and its impacts, we’re finding strong companies trading at attractive prices. This has led us to add to existing holdings or start new positions in companies that may do well coming out of the crisis.
As a follower of the biopharma industry for 22 years, I have confidence in the prospects for testing and a vaccine to combat COVID-19. Watch my latest video to learn more.
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