How Every Asset Class, Currency, And S&P 500 Sector Performed In 2020

Currencies Performance in 2020

Timing the dip on the Australian or New Zealand dollar was the most rewarding opportunity for forex traders last year. Meanwhile, the Indian rupee, Mexican peso, and Russian ruble weren’t able to claw back the points they lost in March, with the ruble seeing double-digit losses.

All eyes have been on the U.S. dollar’s free-fall downwards since it spiked up in March, and as the Biden administration prepares to take office, speculative traders have returned to selling dollars.

Winners and Losers of 2020

The COVID-19 pandemic largely defined many of the winners and losers of 2020, as did the Federal Reserve’s expansion of the U.S. money supply. Zoom (ZM) became an essential communications service in lockdown, and Moderna (MRNA) and Novavax (NVAX) shares skyrocketed in valuation as they announced their COVID-19 vaccines.

Performance of Winners and Losers in 2020

Bitcoin (BITCOMP) broke well beyond its previous all-time high, returning just over 300% from the 2020 open and more than 650% from the lows. Tesla (TSLA) had an even more spectacular run, returning 745% and making Elon Musk the second-richest man in the world.

Meanwhile, as global travel quickly came to a halt last year, Carnival Corporation (CCL) (the world’s biggest cruise operator) and Air Canada (ACDVF) suffered double-digit losses along with WTI crude oil and much of the energy sector and travel industry.

Vaccine rollouts and the U.S. stimulus bill are the current known-unknowns that the market is pricing in for this new year, and investors will be watching to see if the dollar’s downturn will be reversed, or if the world’s major reserve currency will continue to decline in 2021.

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Disclosure: This material has been distributed for informational purposes only. It is the opinion of the author and should not be considered as investment advice or a recommendation of any ...

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