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 morningstar.com/lp/magazine 41http://www.morningstar.com/lp/magazine