COVID-19, soaring stock markets and the implications for business

COVID-19, soaring stock markets and the implications for business

Even with COVID-19 ravaging businesses around the world, stock markets are buoyant.

McKinsey experts explain the 3 factors behind this.

Business agility is a key indicator of success amidst the current pandemic.



The stock market has many puzzled. Here's our explanation.

In the middle of the deepest recession in memory, stock markets are reaching new highs. Why the disconnect? To understand the conundrum, McKinsey experts point to three factors. First, many investors still take a long-term perspective; they are looking ahead to the end of the pandemic. Another factor: five big-tech companies now make up 21 percent of the S&P 500, one of the world's most-watched markets. And smaller, unlisted companies have absorbed a lot of the economic damage, such as the dramatic rise in unemployment. The overall stock