- Return on S&P 500: 17.88%
- Return on 3-month Treasury bills: 0.09%
On Feb. 19, the S&P 500 reached a record high, but news of COVID-19 compelled investors to sell, inciting what turned out to be the shortest bear market in history—33 days, in which the S&P 500 crashed 34%. Despite the catastrophic pandemic, mass protests against police violence, the contentious 2020 presidential election, and the struggling economy, the stock market ultimately reached all-time highs in 2020. SPACs (Special Purchase Acquisition Company) had a breakout year and experienced record growth in 2020, raising 462% more than in 2019.
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