Ponder this if you will. . . If I told you a year ago that from March 31 of 2020 to March 31 2021, we would see positive U.S. market returns, what would your response had been?
To go one step further, if I told you, we would see substantial cumulative returns in some U.S. indices, ranging from 56% to 97%, what you be thinking?
Knowing where we were in the world among the uncertainty and unprecedented lockdowns, I myself would have thought I was crazy (disclaimer, I am not crazy – that I know of).
Just think about that for a minute. Among all of the trials and tribulations we dealt with (and are still dealing with), the markets still performed. Fortunately, the returns ended up positive for most, but not for all, and especially not for those who were “out of the market”.
David Booth, Founder and Executive Chairman of Dimensional Fund Advisors, shares his thoughts on “The Next Normal”. But before you read this, Click Here to hear his thoughts on “The Old Normal” which first aired June 2020.