This story was originally published here.
We're now less than two months away from the end of 2020. (Thank goodness.) It's been a roller coaster, to say the least.
Think back to everything we've endured…
An unknown virus from China made its way around the world, shutting down the global economy. Businesses closed… Schools closed… Churches closed. Weddings, concerts, and large gatherings were canceled.
We stopped shaking hands. We started wearing masks. You couldn't even visit your own grandmother.
And stocks went on the craziest ride I've ever seen in my 20 years of investing.
Not only did we see the fastest stock market drop in history – down 30% in 22 days – we also saw the best 50 trading days in history, with the S&P 500 rallying 37.7% from March to early June.
Now, businesses have started to reopen, and people are getting back to work… and some semblance of a “normal” life. We've also seen a new surge in COVID-19 cases in several states across the U.S.
And yet, the second quarter was the best quarter the Dow Jones Industrial Average has seen since 1987. The S&P 500 experienced its largest gain since 1998, and the Nasdaq capped off its best quarter since 2001.
Equity funds also outperformed, posting their strongest quarterly performance since 1999. The average equity fund returned 22% in the second quarter.
But the sector that has really been on fire in recent months shouldn't be surprising.
I'm talking about biotech. And importantly, the outperformance we've seen so far shows that those gains can continue…
Editor's Note: Click here to keep reading.
Move your money starting today
You don’t have much time, so I’ll make this quick:
If you’re over the age of 50, you must move your money on October 21st.
October 21st, 2020 could kick off the most dramatic financial event since the crash in March.
And one former hedge fund manager is doing everything he can to help Americans (especially retirees) prepare.
Dr. Steve Sjuggerud is one of the most widely-followed financial analysts in world, with over 500,000 people relying on his market predictions.
His work has been featured in Barron’s, The Wall Street Journal, CNBC, and Bloomberg.
But Dr. Sjuggerud says his new October 21st prediction likely won’t get any media attention until it’s far too late.
He told me,
“October 21st could be the biggest day of the year for you and your money. But only if you put your money into a short list of stocks – immediately.”
If you think you’ve missed out on the biggest gains since the crash…
Or you’ve spent most of this year sitting in cash…
I urge you to hear Dr. Sjuggerud’s October 21st prediction for yourself, as soon as possible.
Editor and Anchor, Stansberry Research
P.S. Dr. Sjuggerud is giving away the details of one particular stock he predicts could more than triple your money starting October 21st. Here’s how to get the name and ticker symbol.