"There is much discussion as to how bad this crisis is and how bad it is going to get. The new game in town seems to be “my forecast is worse than yours”. I want to make a counter argument. I am of the opinion that someone, somewhere will receive a Nobel prize for their efforts in curing this virus. There are countless studies, involving smart people and vast resources being targeted at this virus. The below link to an infographic has a nice breakdown of the 42 diagnostic tests, 24 treatments in study and 5 vaccines in clinical trial.

https://www.av.co/covid

The economic impacts of this situation is akin to a demand shock - demand for goods and services dried up overnight. Companies that were in a weak financial position before this situation are in a more precarious position now. Companies that were in a strong position are even better now. Assets will transfer from weak hands to strong hands. At some point this situation resolves itself – either it burns out or we find a cure. A cure is the short cut that is not being expected right now. We continue to look for companies in a strong position to come out of this situation. Early position building now is hard because of the continued flood of bad news, but if a cure is found quickly we will be glad we did. Investing now seems to be more “art than science”…"