COVID-19 Research

How have US industries responded to the 2020 COVID-19 pandemic shock?

Tip: Choose which industries you wish to display.

Term Structure of Equity Premia inverted in mid-March 2020 after the US declared national emergency.

 EquityTerm Structure

Industries with the highest level of cash-flow risk performed the worst.

Duration-based explanation:

Industries with high cash-flow risk have lower average dividend growth

Fama French 30 Industries