The 3rd Quarter of 2020 continued a solid recovery, as the S&P 500 rose to positive territory for the year after the steep drop in March. Over this time period, the S&P 500 saw an increase of 8.49%, building on the gains from the 2nd Quarter.
As an investor, it is natural to ask the question- given all the turmoil relating to COVID-19, why have the markets performed so well in the 2nd Quarter?
The 1st Quarter for 2020 abruptly ended the longest bull market in US history with a sudden economic shock resulting from the worldwide pandemic known as COVID-19.