2020 A Year To Remember
January 3, 2021
2020 turned out to be a surprisingly good year for the U.S. stocks, after a screeching halt of the economy last spring. Sectors of the world economy rewired in unexpected ways and unanticipated opportunities arose ala Joseph Schumpeter – the definer of “creative destruction”. For the last year, more stocks gained at least 400% at their yearly peaks than in any year since 2002, led by Tesla
with a 743% gain.
THE TRUCKS ARE READY TO ROLL
December 13, 2020
As of Sunday evening, the U.S. reached the sad milestone of 300,000 COVID-19 related deaths.[1] The total case tally rose to 16,388,504 according to Johns Hopkins University.[2] On a global level, the death toll reached 1,618,509 and over 47.4 million have recovered.[3]
30,000!
December 2, 2020
Wow! Last Tuesday, November 24th, the Dow Jones Industrial Average (DJIA) hit 30,000 and closed out that day at 30,046. It was only 8 months ago when the DJIA fell to 18,213, its year low, before its 64.9% rise. It took only 171 trading days for the Dow to reach this latest milestone from 20,000. The Dow was not alone on the 24th. The S&P 500 notched its 25th record of the year. The Russell 2000 small-cap index hit its record high of 1862 up from the its year low of 966 or a gain of 88.3%.
