Here are the lessons investors say they have learned from an unforgettable year. Markets Don’t Perfectly Reflect the EconomyWhen stocks bottomed March 23 and began to race higher, many observers were perplexed. The answer: The stock market often begins to recover far sooner than the economy. “It’s not until you have this huge rally that suddenly people realize, ‘Oh, the stock market isn’t wrong, I’ve been wrong,’" Mr. Slimmon said. But by March, analysts at BMO Capital Markets and Oppenheimer Asset Management said they would suspend their year-end targets because of how difficult predicting the market’s path had become.

Source: Mint December 31, 2020 21:22 UTC