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Turning The Page: A Year-End Market Recap

January 4, 2021

Tom LimogesBy Tom Limoges
Asst. VP - Investments 

 

As we close the book on 2020 and move into the New Year, it’s hard to imagine that a mere nine months ago our world was turned upside down with the arrival of COVID-19. Those months were historic chapters of financial, social, and psychological importance.

Yet along with untold tragedy and sorrows, there were also stories of positive gains, innovation and growth.

It’s true that beginning March 2020, markets experienced the fastest bear market decline (minus-20%) on record. But what’s equally fascinating is the extraordinary shift in both fiscal and monetary policy in response, and the subsequent sharp rebound in equity prices. For the full year 2020, investors who held a library of globally diversified stocks likely experienced double-digit returns on that portion of their portfolio. It’s truly an amazing conclusion to a year full of conflict and uncertainty.      

Turning the Page

As we turn the page of the New Year, there are still many uncertainties to play out, but we remain optimistic on the markets over the long term.  Please review the Economic & Market Commentary that puts into detail our thoughts on the next chapter. To all of our clients, thank you for the trust you placed with Security National Bank.  We look forward to serving you in the future. If you would like to meet with one of our financial professionals, contact us today.

About the Author

Tom Limoges

Tom Limoges is an Assistant Vice President in Investments, developing investment strategies for Security National Bank's Wealth Management Division. He holds an M.B.A. from Wayne State (Neb.) College, and has been a member of the SNB Wealth Management team since 2002.