QUARTERLY MARKET OUTLOOK
Greg Carr, Jan 12, 2021
Quote for the Day: “Celebrate endings—for they precede new beginnings.” —Jonathan Lockwood Huie
2020 Review: It was the best of times, it was the worst of times…
What a year. A global pandemic, an economic shock and struggle like we’ve never before seen, and an election year with social unrest and political tensions that were off the chart. Still, after the swiftest decline in market history, the S&P500 large-cap stock market index finished the year with gains of 17.88%, far higher than traditional market metrics would expect. Growth stocks (+39%) far outpaced value stocks (+3%), demonstrating again the importance of diversification. Small Caps slightly outpaced large caps for the first year in many.