Fourth Quarter 2020 in Review

February 2, 2021

The adage that “the market climbs a wall of worry” was probably never truer than it was during this past year. After an initial sharp decline in March, the markets spent the rest of the year recovering from those losses and tacking on additional gains to boot. At the end of the year, the S&P 500 closed at a record high and the tech-laden NASDAQ finished the year up an astounding 44%.

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More About Economic Updates
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Let’s review the events of 2022 and how they’ve led to our current state of continuing market volatility and stubborn inflation. Even so, we still believe in the stock market over the long run.
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The global economic recovery experienced a few hiccups during the last few months. But economists are expecting things to get back on track as COVID-19 cases continue to decline. They’re projecting strong growth for the rest of this year and for 2022.