2020 was an amazing year for the stock market, period.
Stock market has long detached from the real economy
With QE infinity (unlimited money printing) pushing the market higher, providing lifeline and liquidity for the stock market, it is no wonder we see the market going higher and higher despite what is happening in reality.
The stock market is always forward looking, and every news you’ve seen, every good news or bad news (Jack Ma/Alibaba/Capitol/US riots) will be priced in by the market. Mr Market will never be able to decide which direction to go, because it has bipolar disorder swinging between extreme greed and extreme fear, so no one can ever predict it.
However, in the long run, sentiments won’t be what drive markets but rather the fundamentals. This is a fact because the stock market has been on an uptrend since its inception, because businesses grow and so will their stock....