{"id":4138,"date":"2021-01-15T10:52:38","date_gmt":"2021-01-15T09:52:38","guid":{"rendered":"https:\/\/neu.hqam.ch\/2020-review-enjoying-the-roller-coaster\/"},"modified":"2023-06-11T17:30:58","modified_gmt":"2023-06-11T15:30:58","slug":"2020-review-enjoying-the-roller-coaster","status":"publish","type":"post","link":"https:\/\/hqam.ch\/en\/2020-review-enjoying-the-roller-coaster\/","title":{"rendered":"2020 Review \u2013 Enjoying the roller-coaster"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"4138\" class=\"elementor elementor-4138 elementor-3570\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-c6de011 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"c6de011\" data-element_type=\"section\" data-e-type=\"section\" data-settings=\"{&quot;jet_parallax_layout_list&quot;:[]}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-c0b47f9\" data-id=\"c0b47f9\" data-element_type=\"column\" data-e-type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-6aac3c7 elementor-widget elementor-widget-text-editor\" data-id=\"6aac3c7\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>All but European market investors enjoyed the roller-coaster ride this year, which turned out to be another Bull year, driven by the technology sector that received a strong boost from overall digitalization, e-commerce and work from home mode. We saw stock market records in USA despite significant damage coronavirus did to the economy: IMF forecasts that US GDP 2020 will decline by 4.3%, while in Europe \u2013 by 7.2%. Additionally, the situation was complicated by uncertainty regarding \u201cdeal or no deal\u201d Brexit as deadline loomed , sending FTSE 100 down by 14.3% in 2020 and maintaining broader European market in the red zone.   <\/p>\n<p>To revive the economies, Central Banks and governments across the globe provided an unprecedented support to businesses and individuals \u2013 in 2020, Americans enjoyed once in a life-time opportunity to receive the helicopter money of $1\u2019800. This all has led to building confidence in continuation of loose monetary policy and low interest rates at least in the mid-term (for instance, Federal Reserve signalled the intention to keep interest rates near zero for at least the next 5 years), which in turn has stimulated new money inflow in the stock markets. <\/p>\n<p>Quality stocks have also enjoyed the rally in all markets and managed to take over both value and growth stocks in Europe. In USA the situation was a bit different as growth companies\u2019 share prices went through the roof, therefore delivering better performance compared to quality stocks. It is worth noticing that 2020 marked the largest underperformance of value vs. growth style in stock market history[1]. Extremely good performance of growth style can be again explained by the massive gains by technology companies, which have been investors\u2019 darlings for a long time as they marched in their quest to further enlarge footprint of their enormous eco-systems. The worst performers sector-wise were traditional value style representatives \u2013 Energy and Financials- which came as no surprise due to the downward-driven oil prices and low interest rates.<\/p>\n<p>2020 was a year of both great opportunities and bitter disappointments and is likely to be remembered for a long time for extraordinary events it brought and for the trends it has set. <\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-095d3d0 elementor-widget elementor-widget-button\" data-id=\"095d3d0\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"https:\/\/hqam.ch\/wp-content\/uploads\/2023\/06\/HQAM-2020-FY-GER.pdf\" target=\"_blank\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Download Market Review 2020<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7194ff4 elementor-widget elementor-widget-text-editor\" data-id=\"7194ff4\" data-element_type=\"widget\" data-e-type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t\t\t<p>[1] https:\/\/www.dimensional.com\/us-en\/insights\/when-its-value-versus-growth-history-is-on-values-side<\/p>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>All but European market investors enjoyed the roller-coaster ride this year, which turned out to be another Bull year, driven by the technology sector that received a strong boost from overall digitalization, e-commerce and work from home mode. We saw stock market records in USA despite significant damage coronavirus did to the economy: IMF forecasts [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":3573,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"site-sidebar-layout":"default","site-content-layout":"default","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"default","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"var(--ast-global-color-4)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[36],"tags":[],"class_list":["post-4138","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-market-review-en"],"acf":[],"_links":{"self":[{"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/posts\/4138","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/comments?post=4138"}],"version-history":[{"count":1,"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/posts\/4138\/revisions"}],"predecessor-version":[{"id":4139,"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/posts\/4138\/revisions\/4139"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/media\/3573"}],"wp:attachment":[{"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/media?parent=4138"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/categories?post=4138"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hqam.ch\/en\/wp-json\/wp\/v2\/tags?post=4138"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}