January 6, 2021
Well, we can officially say goodbye to 2020. Although there still will be many challenges in 2021, we do see much better times ahead. Just how amazing was it? “2020 will go down in history as the first year to ever be down 30% at one point and still finish in the green,” explained LPL Financial Chief Market Strategist Ryan Detrick. “We’ve had some wild years for investors, but never one that was quite the roller coaster of 2020.”
As shown in the LPL Chart of the Day, after a nearly 34% correction, the S&P 500 Index closed up more than 16%. There are many charts that can sum up last year, but this one might be the best way to do it.
We invite you to watch this video on our YouTube channel that looks at the top 20 charts from 2020. Enjoy!
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