The coronavirus disease 2019 (COVID-19) pandemic has made this one of the wildest year on record for the stock market. In a five-month stretch, we’ve witnessed the fastest bear-market descent in history, the strongest quarterly rally in 22 years, and the tech-heavy Nasdaq Composite log more than two dozen all-time highs. Suffice it to say that it’s been volatile.
Generally speaking, volatility can be a great thing for investors. That’s because it allows long-term-minded investors to buy into great companies at a discount.