Time will tell as there is a disconnect between stock market and current economy and there are various outcomes possible in terms of COVID-19 Vaccine and Treatment availability timelines.
Sunday, May 24, 2020
Bear Market Rally or New Bull Market?
Jury is still out on whether this is a Bear Market Rally or New Bull Market. S&P 500 corrected by 35% and is now only down 15% from Feb 2020 peak. Tech Mega Caps are highly valued and value stocks and non tech economy stocks are beaten down.
Friday, May 22, 2020
Reliance Industries Jio Platforms Raises $10B at $60B Valuation
Reliance Industries Jio Platforms Raises $10B at $60B Valuation. Major Investors include FB, KKR and other US based Private Equity Investors.
This is a bet on the Digitization of Indian Economy.
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