January 2021 Market and Portfolio Update

2020 was an interesting year, to say the least. What started off as a seemingly normal year, quickly turned into a year never experienced before (and hopefully never experienced again.) Stocks started 2020 off strong, however, the emergence of COVID-19, and the subsequent lockdowns caused the market to drop approximately 35%. The market rebounded quickly and reached new all-time highs at the end of the year. Retailers, airlines, and cruise stocks got crushed. E-commerce companies such as Amazon (AMZN), Shopify (SHOP), and Etsy (ETSY) thrived. Electric Vehicle (EV) companies became the next hot trade with Tesla (TSLA) leading the way. TSLA was up an incredible 700% in 2020.

The post January 2021 Market and Portfolio Update appeared first on The Trail To Wealth.