Call it the seesaw year. Or a stop-and-go year. Or the year of the two dips. Or the year of the miraculous recovery. Whatever the choice of words, 2020 will be remembered as a year of exceptional volatility as the global pandemic wreaked havoc on global markets.
The trend was for markets to rise on the possibility of greater fiscal stimulus emanating from cash-strapped governments, or the likely development of a successful vaccine. And dipping on any bad news or adverse company results.
Traditional companies were the hardest hit. Big tech companies proved to be the exception.