Readers would remember that just before the stock market crash in March, I have posted a blog on how to profit by stock picking during COVID-19 outbreak in the investment and trading space. The main idea behind was to construct a long-short equity portfolio by buying the “stay home” companies and shorting the airline and travel stocks. This strategy did pay quite well since then. Below is the performance of the two ideas mentioned in the previous blog. In this blog post, I wanted to analyze and see if this strategy is still valid and what it might be signaling us about the near future of the stock market and consumer behavior.

Countries opening up

Most of the countries lifted the restrictions on internal mobility in recent weeks and people slowly started to go back to their regular life, eat out at restaurants etc. In some of the countries, there are critics o