Have you noticed how green everything is?
One of the many benefits of the pandemic is this heightened clarity of nature. A few weeks ago, I was taking a run with my dog in the early evening. The sunlight was exquisite: golden beams filtering through the trees, and through the dog’s fur, like a Pixar film in 8K. I was suddenly gobsmacked by the beauty of nature, which had kicked into HD. Everything seemed so alive.
I thought perhaps it was my imagination, that all the time in quarantine had just given me a renewed appreciation for the outdoors. But when I shared this experience on social media, many people told me they were experiencing the same thing. As one of my friends said, “Nature is happy.”
Nature is not the only thing growing. At the beginning of the U.S. pandemic – way back on March 15, 2020, a lifetime ago – we put together “The Health and Wealth Portfolio,” a collection of traditional stocks that our research suggested might grow during the pandemic.
Those four companies – Amazon, Clorox, Netflix, and Zoom – seem obvious now, but they weren’t at the time. Three months seems like ages ago, but try to remember the widespread agreement that any quarantine would be temporary, that we’d stay home for a couple of days and then it would all be over.
In the words of Ron Burgundy, “That escalated quickly.”
And so did the growth of our Health and Wealth Portfolio.
- The stock price of Zoom (ZM) has more than doubled, as its videoconference software became the default way we communicate with each other. (To “Zoom” is now a verb.)
- The stock price of The Clorox Company (CLX) has nearly doubled, with its disinfectant products becoming essential items for homes, businesses, and schools.
- The stock price of Amazon (AMZN), already high before the pandemic, has grown 42% as the company has successfully navigated what Jeff Bezos called “the hardest time we’ve ever faced.” (And as I discussed in another blog post, Bezos is back at the wheel.)
- The stock price of Netflix (NFLX), which had also been on a growth tear since fall 2019, has surged an additional 33%, as it added a record number of paid subscribers.
This is all great news for those who invested in these companies when we highlighted them in mid-March. (Full disclaimer: I bought these stocks, too. I put my money where my mouth is.) But what’s the takeaway for blockchain investors?
Let’s start with the big question.
Why the Hell Does the Stock Market Keep Going Up?
I mean, this makes no sense, right?
I’ve spent a lot of time thinking about this. Like a good investor, I’ve read a lot from reliable sources, and I’ve talked it over with other smart people. I have a few…