IN WALL STREET YEARS, 2020 FELT LIKE A DECADE FOR MARKETS
Techlife News|Techlife News #477
While lockdown life has kept time standing still for nearly everyone through 2020, Wall Street has been locked in at super fast-forward.

The stock market tumbled through years’ worth of losses in just over a month this spring, only to turn around and pack an entire bull market’s worth of gains into less than nine months. Even within the span of a few hours, the market in 2020 would sometimes careen to a loss that would have been remarkable for a full year.

Consider one day in March, when the S&P 500 plunged 12% after President Donald Trump acknowledged a recession may be on the way because of the pandemic. That was a worse loss than the index has suffered in 45 of the last 50 full years.

The good news is that the crazy action for markets in 2020 was likely a singular response to COVID-19, not a preview of a new normal. Market watchers say investors can expect movements closer to what they’re used to next year, as the economy is nursed back to health following the rollout of one or more COVID-19 vaccines.

If anything, analysts say the whiplash provides another lesson that holding steady is often the best response for investors to crashing prices, rather than trying to time the market. The fastforward movements of this year just mean sticking to that strategy paid offmuch more quickly this time around.

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