The last decade of super performances
This bull market stuttered due to the pandemic in early 2020 but has picked up pace again after more stimulus and friendly monetary policy.
Central banks in the developed world have committed to historically low interest rates since the Great Recession. This has generated a very friendly environment for investors and lenders. Record asset purchasing programs from central banks have only been bolstered in the wake of the COVID-19 pandemic. The Bank of Canada, the U.S. Federal Reserve, and the European Central Bank have all indicated that these conditions will remain in a fragile economy.
The violent March 2020 market pullback illustrated why investors need to maintain a long-term outlook. Shopify, one of the most explosive tech stocks in North America, dropped below the $500 mark during the month of March. Its shares hit a 52-week high of $1,900 in February 2021, less than a year after this dip.