2020 Q4 Review and Outlook: A Very Good/Very Bad Year

Imagine two archivists sifting through old stock charts 1,000 years from now and saying to each other “2020 must have been a great year!”  The U.S. stock market finished a very bad year on a very strong note, with the S&P 500 SPDR ETF (SPY) gaining 12.1% in the 4th quarter. The U.S. bond market (as measured…