The year 2020 proved to be one of the most tumultuous in modern history, marked by a number of developments that were historically unprecedented. But the year also demonstrated the resilience of people, institutions, and financial markets.

For investors, the year was characterized by sharp swings for stocks. March saw the S&P 500 decline 33.79% from the previous high as the pandemic worsened. This was followed by a rally in April, and stocks reached their previous highs by August. Take a look at the MSCI All Country World Index performance and the timeline of events.

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