It is undoubtedly true that we are in uncharted waters for markets and economies. Having reached the limits of what monetary policy can achieve in keeping the economic juices flowing, governments will have to employ fiscal policy to counteract the effects of the COVID-19-induced recession.

Randal Jenneke of T. Rowe Price identifies the three "Ps" that shape markets - profitability, policy and positioning.

Governments will turn on the fiscal policy taps, which will impact corporate profitability, and investors need to seek new positioning to find value in unfamiliar territory. With all this as backdrop, Jenneke explores how to identify the sectors that are likely to continue to perform well, and the well governed companies that will continue to chart a course through these waters.

Find out more in the article.