Morningstar - Q4 2020 - 41

Spotlight: World After COVID-19

Staying Home
How the pandemic changed
consumer behavior and
company valuations.

VALUATIONS

David Sekera

Within the first 90 days of 2020, our plans
collectively changed. Flights were canceled,
events and parties were postponed,
and life as we knew it was put on hold.
The COVID-19 pandemic has led to significant
disruptions in individual and societal behaviors,

leaving investors to wonder: Which of these
changes will last? Which will revert back
to normal? And how will these changes affect
my investments?
With drugmakers around the globe racing
to produce a vaccine, we think that the long-term
impact on economic growth with be minimal.
Still, COVID-19 has accelerated the adoption of
consumer trends that were already emerging
before the pandemic-several of which have the

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Morningstar - Q4 2020

Table of Contents for the Digital Edition of Morningstar - Q4 2020

Contents
Morningstar - Q4 2020 - CT1
Morningstar - Q4 2020 - CT2
Morningstar - Q4 2020 - Cover1
Morningstar - Q4 2020 - Cover2
Morningstar - Q4 2020 - 1
Morningstar - Q4 2020 - 2
Morningstar - Q4 2020 - Contents
Morningstar - Q4 2020 - 4
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Morningstar - Q4 2020 - Cover4
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