As I was writing this Wall Street was falling, though it finally closed the day higher and there are commentators looking at the dire economic statistics and worrying whether we are going to have another crash. I don't expect one. The shares that needed to crash have crashed. The ones that are holding up or even going up, are mostly in technology or healthcare and have good reasons for outperforming. They are not affected by the stay at home rules because so many of their staff can work from home or they have essential services status and businesses could hardly be keener to develop their online presence and move their operations into the cloud so demand remains solid or even strong. On the health front I expect the investment in better health care and health infrastructure to be a lasting phenomenon.
