The following week of stocks: say goodbye to a wild 2020

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No one could have predicted the market chaos of 2020. Shares hit all-time highs earlier this year, before concerns about the coronavirus pandemic (first overseas and then closer to home) pushed markets Americans in a spiral in February and March. The Dow routinely set new records for the worst one-day one-day falls in history, and the New York Stock Exchange had to suspend trading on the S&P 500 several times as the soldoff triggered circuit breakers.

But in the following months, the market recovered and was faster than many had expected. One of the main factors in the increase was the unprecedented action of the United States Federal Reserve to stabilize markets and boost the economy.

Some of the biggest winners of the year are investors who closed their eyes and muffled their ears during the pandemic sale and held on to their shares. At the end of the year, the balances in his portfolio looked pretty good.

“This year was a year with many reminders for investors: number one, don’t overreact,” Leo Grohowski, investment director at BNY Wealth Management, told CNN Business.

At the same time, many people will look back to 2020 and be amazed at the good performance of the stock market in such adverse economic conditions. The disconnect between Wall Street and Main Street will probably be an issue that keeps us going until the new year.

The U.S. economy is not far behind in its pre-pandemic strength and millions remain unemployed. The U.S. economy operates at 82 percent of where it was in early March, according to the Moody’s Analytics and CNN Business normalization index.

With stimulus measures recently approved by President Donald Trump and the forecast of more government aid for next year, there are many optimists for 2021. President-elect Joe Biden’s plans to revive the economy will help markets l ‘Next year, though The excitement for more stimuli may begin to fade, said JJ Kinahan, chief strategist at TD Ameritrade.

These sectors were the surprise winners of 2020

In a year of widespread and often devastating hardship, no business or industry arrived until 2020 without touching the Covid-19 pandemic. But for some key sectors, the news was not all bad.

The CNN Business winners and losers are listed below:

Winners

  • Great computer company
  • Housing
  • Solar
  • Bitcoin
  • Great retail
  • Video games
  • Cannabis
  • Real-time transmission

The losers

  • Travel and hospitality
  • Oils
  • Banks
  • Airlines
  • Shopping centers
  • Car manufacturers
  • Manufacturing
  • Cinemas
Check out the full CNN Business story to analyze what comes next for each industry.

Until next time

Monday: OPEC + meeting

Tuesday: US ISM Manufacturing Index; German employment data

Wednesday: Jefferies Earnings; Federal Reserve Act; EIA crude inventories

Thursday: Bed Bath & Beyond, Carnival, Conagra, Walgreens Boots Alliance and Micron Gains; EU inflation; Initial U.S. claims

Friday: US jobs report; Unemployment from the EU

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