Meme madness, 68 new S&P highs in superlative 2021
January 4, 2022 by Matt Turner
Superlatives followed one after another in 2021’s wild ride for U.S. stock investors.
The most all-time highs in 26 years. Triple-digit rallies in some small caps thanks to retail-trader frenzies. A $1 trillion rout after China cracked down on some of its biggest companies.
In a year marked by a waning pandemic, new COVID-19 variants, supply chain disruptions and a fits-and-starts U.S. economic recovery, the S&P 500 smashed old records en route to a 26% gain and the creation of $8.6 trillion in value.