The stimulus capital that entered the U.S. capital markets largely went towards innovative firms. This influx of capital helped fuel the recovery of the U.S. stock market, particularly benefiting large companies. However, medium and smaller companies did not fare as well, with mid-caps down 10% and small caps dropping by 15%. The stimulus capital also led to market consolidation around innovators or market giants with solid balance sheets, high-value assets, cheap debt, and low fixed costs.
What will the world of business look like after the coronavirus pandemic? The pandemic will accelera...
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