Turning The Page: A Year-End Market Recap
January 4, 2021
By 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.