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If I was to describe the market performance over the past six months, the only word that comes to my mind would be ‘surreal’. 2020 cannot be compared to any other year in terms of the brutal plunge in the S&P 500 and the speed of its recovery. During the 2008 Great Financial Crisis, it took 1,381 trading days for the S&P 500 to return to its 2007 record highs. Following the dotcom bubble in 2000, it took 1,841 trading days to hit a new record. This time around, only 121 trading days were needed for the index representing the 500 largest US publicly traded companies to complete a full... Read More
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