A Reversal, or Two

For many equity investors, the stand-out theme of last year was the reversal in the market’s initial response to, and recovery from, the COVID-19 pandemic: the dramatic price declines in March, the wild swings around the bottom as VIX® marked its highest closing level ever, and the just-as-dramatic recovery to new all-time highs by late summer. 

That reversal set the big picture: after its recovery and barring a few small bumps along the road, the S&P 500® continued to break records for the remainder of the year, celebrating with a final closing record high on Dec. 31, 2020.

Read the complete whitepaper now at the link below