I want you to look back at the end of the previous statement when I referenced, "… high highs from CERTAIN SECTORS." That's the key… certain sectors. The market as a whole has managed to stay afloat during these troubling times, but that doesn't mean every industry has managed to profit.
As I've discussed previously, stay-at-home stocks really took off during our quarantine period. This bullishness also reached out into the tech sector. Any industry that focused on isolation and/or work mobility has seemingly had a good year. They might be the only ones to look back on 2020 and smile.
That being said, there are many more industries that have suffered substantially. Some were forced to close their doors forever. And it isn't only the local mom-and-pop shops that have suffered. Major retailers like Brooks Brothers and Macy's have continued to face negative returns throughout the year.
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