I receive a “Daily Market Update” each morning via email through TD Ameritrade. Here is the opening statement from today:
“What the market has been doing this week is repricing where it thinks earnings should be in light of the hit to global economic growth that is expected from the coronavirus.”
The stalwarts understand the following comments, but for anyone that hasn’t quite grasped a core thesis of this board please allow me to highlight it once again - the stocks discussed here aren’t as exposed to the normal sags and surges of global economic growth. Businesses need the products our companies are selling regardless of the state of the economy. In good times and bad, companies still want to analyze data that improves their corporate strategy (AYX, DDOG, MDB). In good times and bad, companies still want to know their servers are protected from external threats (OKTA, CRWD) And in good times and bad, the general population is still watching tv and being exposed to advertisements (TTD, ROKU).
Speaking personally, while the general market is down almost 10% YTD my portfolio is UP 10%. I suspect many others on this board find themselves in the same situation.