Wary shoppers will but necessities but rarely splurge on niceties. The difference shows up in @SPGMarketIntel data: 10 stocks in Discretionary Index are down >50% vs 0 stocks in Staples Index. clients.451research.com/repo…

M&A is a discretionary purchase. Yet, as the current pandemic has made painfully clear, these nonessential transactions are the first to get nixed. Whether it's a shiny new car or a shiny new startup, wary shoppers aren't splurging on such niceties. clients.451research.com/repo…

#Tech M&A spending in April plunged 90% vs. typical month. @451TechMnA shows how bad it was: *There were 24 individual transactions in 2019 that exceeded the total amount that acquirers spent on all tech deals for the entire month of April. clients.451research.com/repo…

Just how bad is it in the #tech M&A market right now? Per @451TechMnA spending on deals in April is tracking to just *1/10th* typical monthly spend. For more on 'doing deals in a downturn' join @SPGMarketIntel and @451Research for a webinar next Weds: pages.marketintelligence.spg…

#Infosec isn't recession-proof, but it'll come out of the recession even further ahead of other IT sectors. Join @s_crawford and myself on Monday 4/20 for a webinar on how the coronavirus is reshaping the industry as well as its valuation. Registration: spglobal.com/marketintellige…