US equities: How much of the fear and uncertainty is already priced in?

Media sell-off

The days of watching TV programmes at defined times are a thing of the past thanks to the internet disrupting traditional media. Today, billions globally consume content on-demand from computers, gaming consoles, and mobile devices.

This shift has investors so concerned it triggered a $50bn sell-off in media stocks over a two-day period in August 2015. The industry is evolving - but as investors who go toward fear and uncertainty, we ask ourselves: how much of the fear and uncertainty is already priced in? As content delivery methods shift, old programming paradigms are being left behind. TV content is no longer relegated to traditional sitcom formats, as the internet has democratised content. This has created opportunities for players like Netflix and YouTube to thrive, as their business models allow the product...