Columbia Business School Professor explains COVID-19 impact on Stock Market
In this new webinar, Tano Santos, the David L. and Elsie M. Dodd Professor of Finance and co-director of the Heilbrunn Center for Graham & Dodd Investing, discusses the recent volatility in the stock market in the wake of the COVID-19 outbreak.
He also discusses how the cryptocurrency market hasn’t been as affected by the pandemic as much as the stock market has so investors are starting to put more of their money into the crypto market with tools like Bitcoin Prime because they know it’s more stable that stocks. This could mean that the stock market will take longer to recover from this and be very beneficial for cryptocurrency in the long run.
Santos also puts the current crisis in historical context by analyzing data from the 1918 flu outbreak and offers suggestions on building a portfolio during an economic downturn.
Santos looks at the historical data and lessons to share strategies for investors during this crisis.