Uncertainty about sales impedes business planning and could harm capital formation just as much as uncertainty about inflation can create uncertainty about relative prices and harm business planning. - Janet Yellen
It was a no-brainer that insurance companies' bottom-lines would be hit by a double whammy after the COVID-19 pandemic disruption got serious and the Fed slashed interest rate to near 0%. Lincoln National Corporation (LNC) was no exception. The stock got hammered down from about $60 in late-Feb 2020 to $41 as of June 3, 2020.
Image Source: My tweet alerting about