The Corona index
The guys over at Stocktwits have created a Corona index.
A small basket of stocks that tracks Coronavirus related stocks frequently mentioned on Stocktwits.
Below is a daily chart of the index. (You can view the index on Koyfin here)
The top video conferencing app Zoom $Zm is part of the index and a stock I have on numerous watchlists.
It had a big week.
The theory businesses stopping travel, people unable to travel etc work & communication will have to happen over the net as opposed to IRL.
Zoom is the darling of video conferencing in current times, up 37% MTD.
Below is yesterdays intraday chart for $ZM -7% on the day.
Is Zoom the leading indicator?
The markets are forward looking.