Leith Wheeler CEO Jim Gilliland likes to invest in companies that have low valuations | Chung Chow
If 2020 taught investors anything, it was to expect the unexpected.
The stock market roller-coaster ride saw the S&P 500 in a bull market when it notched a record-high close of 3,385.15 on February 19, 2020. It then fell 33.9% to 2,237.4 by the close of trading on March 23, before rebounding 67.8%, to 3,756.07, by year’s end.
That late-year surge came despite high unemployment, and a precarious economy still navigating the COVID-19 pandemic.
The trading adage ‘the trend is your friend’ may prompt some investors to keep money in place until
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