The gaps in performance between different sectors, and the companies within those sectors, increased last year. A major reason is a small group of outperformers that already had massive stock valuations before the COVID-19 crisis and have pulled further ahead since. In this episode of the Inside the Strategy Room podcast, co-authors of a recent article discuss what the performance of capital markets during the pandemic indicates about future economic and investment trends. Tim Koller is a leader in McKinsey & Company’s corporate finance practice and the author of the best-selling book, Valuation. Peter Stumpner leads the corporate performance analytics group within the Strategy and Corporate Finance Practice. He is the co-author of another article on which this podcast is based, “The impact of COVID-19 on capital markets, one year in.”

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