There are a lot of “textbook” ideas that won’t survive coronavirus and this is one of them. 

Generations of investors had been taught that, in a bear market, the most gruesome casualties would be the highest-flying, most expensive stocks. This time, the experience has been the opposite. There are a lot of “textbook” ideas that won’t survive coronavirus and this is one of them. Nothing has worked out better for investors than looking just like the index this year. The indexes have become dominate...

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source https://thereformedbroker.com/2020/07/07/there-are-a-lot-of-textbook-ideas-that-wont-survive-coronavirus-and-this-is-one-of-them/

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