Portfolio Postpandemicus

BBB Bull Market Triple-B bonds hover on the edge of the junkyard. Now, thanks to COVID-19, there’s a new triple-B in town: bicycles, breadmakers, and booze. These are in a bull market. Back in April, good luck if you tried to score some yeast at the grocery store. In the U.S., sales of yeast grew (ha) 647 per cent since March 2019. The catalyst for the boom in these goods could be the other B-word: boredom. Or, maybe we’re just at the start of a secular change in lifestyle...