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.


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