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. The total case tally rose to 16,388,504 according to Johns Hopkins University. On a global level, the death toll reached 1,618,509 and over 47.4 million have recovered.
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%.