The strong performance of big companies during the pandemic has several potential implications. Firstly, it has fueled the recovery of the U.S. stock market. However, this has been at the expense of medium and smaller companies, which have seen declines. This could lead to increased market consolidation around innovators or market giants with solid balance sheets, high-value assets, cheap debt, and low fixed costs. Furthermore, it could exacerbate existing inequalities in the market, with brands that were already struggling, like JCPenny and Neiman Marcus, being hit the hardest.
What will the world of business look like after the coronavirus pandemic? The pandemic will accelera...
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