Here's My Single Best Investment Idea for August
The phrase "come full circle" has taken on new meaning for Wall Street and investors in 2020.
During the first quarter, the coronavirus disease 2019 (COVID-19) pandemic punished equities and sent the broad-based S&P 500 lower by 34% in just 33 calendar days. But over the past four months, the benchmark index has regained all of what it had lost for the year. The stock market has come full circle all right, but it's tested the resolve of investors like never before in the process.
Of course, periods of above-average volatility are also an excellent time to put your money to work. That's because every single stock market correction in history, prior to the coronavirus correction, has eventually been erased and put into the rearview mirror by a bull-market rally.
Source Fool.com
