Fourth Quarter 2020 Review

2020 was a remarkable year everyone will remember in different ways, but mostly for its challenges, hardships, and persistent uncertainties. We are looking forward to the new year. Much like everything that took place in 2020, the stock market also seemingly defied norms and reality. As noted in a November Bloomberg article, “punishment has been swift for almost any skeptical [investment] instinct in 2020. Views that seem logical on their face – that the election would sow pain, that a recession would kill the rally, that the pandemic would ruin the economy – immediately became money losers.”