Market Quick Take - June 3, 2020
The global rally in stocks continues with the market increasingly pricing in a V-shaped recovery as policymakers unwavering support for asset markets and pledge to do more has succeeded in detaching markets from reality, for now. The dollar declined for a fifth day against its peers while the JPY dropped to the lowest since January against the euro.
High quality stocks work long-term and also in 2020
High quality stocks have outperformed the equity market since 1981 and has done well again in 2020 amid a deep recession due to COVID-19. In this equity note we outline our definition of a high quality company and present 25 high quality stocks that long-term investors could consider despite the elevated valuation levels in equities.