2020 has been an unprecedented year with enormous amounts of volatility and significant divergences in returns between stocks. Huge amounts of FED stimuli and the economic shift to technology due to COVID-19 significantly improved sentiment around tech stocks like Apple (AAPL), Amazon (AMZN), Shopify (SHOP), Nvidia (NVDA), among others.
Meanwhile, dividend and value stocks have disappeared in the background. This is for example visible in the strong underperformance of the dividend aristocrats (NOBL) (-4.1%) compared to the tech-heavy S&P 500 (SPY) (+3.7%) as