Keeping Score for 2020

I’ve just updated my Keeping Score page for December, 4Q20 and the full calendar year. I’ve also added my thoughts about the sharp reversal of market direction that started the day after the presidential election and continued through yearend.

One thing I didn’t touch on is the “January effect,” which typically consists in the bounceback of losers sold in December for tax reasons. I’m interested to see if we have a selloff of last year’s winners, motivated by shifting capital gains shifting into 2021.

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