Tech Stocks, AUD$ as was historically at its lowest ever point against the US$ could not help myself than to dump a lot of my US$ into A$... an airline stock that went from $7 to just above $2.10 when I bought but then shot up to over 3.25 I think a lot of people will buy play stations and xboxes.... also a lot of people will work from home as some of my clients already do meaning they have to use work authorized PC's.... so my intuition is that tech stocks like AMD Nvidia Intel will be good long term.
Bank shares are also low so if you look long term people will still need money.
I am not a financial adviser so don't take my opinions as such.
I have clients that have normally 50 - 150 traders in their offices now with very few live events to trade on, they are so desperate for live sports they are even trading Taiwan Junior high school baseball. I have many clients in Manila that operate from the same building which is over 50 floors.... however Manila is in lock down, some companies do not allow their staff to trade outside of the office.. a few have requested I shifted some content to AWS cloud streaming for special access for home work. Not something I would normally allow.. Japan just went to state of emergency shutting down their baseball pre season which was still being played until yesterday and traded on in Asia and Europe UK.... my clients are world wide and the company I own normally operates 24 hours day 365 days a year.... now it's no work to do.
We also provide channels for rebroadcast to a client in the USA for Asian language channels and they are increasing their customer base as people are staying at home as well. These are strange times when some companies will actually do better and the majority will not. Been through it with Sars in 2003 and the financial crash in 2008. My company managed to survive when our competitors did not. I expect many in play live sports trading companies will not survive. This is gong to be a tough next 6 months for many people and companies. My son is still employed as he is a lawyer for an international bank so he is safe ( working from home as well ) in his employment, his wife was stood down as she works for a 5 star hotel group.
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