Is This What's Behind the Unstoppable FAANG Stock Rally?
For many investors, 2020 has tested their investing resolves like never before. The coronavirus disease 2019 (COVID-19) pandemic has whipsawed equities over a six-month span, leading to the fastest bear market decline in history, and the quickest recovery to new all-time highs on record.
This volatility is the direct result of COVID-19 being wholly unpredictable and creating chaos at the economic level. We've witnessed a record number of companies with at least $1 billion in assets file for bankruptcy in 2020, and have seen the U.S. unemployment rate surge to levels last consistently seen in the 1930s.
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Source Fool.com
