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More Stocks Have Risen By 400% This Year Than Any Year Since 2000

If the SPAC boom minting new billionaires every day and the NASDAQ raging to new highs almost daily weren’t enough to give 2020 a certain “1999 vibe”, perhaps some additional stunning statistics from the Wall Street Journal will.

In a recent article the Journal published detailing stocks posting astonishing rallies off lows this year (thanks Powell and Kashkari), it was revealed that the number of stocks that have risen 400% or more in the first nine months of this year is the most since the year 2000. 

The study looked at companies that were at least $100 million to start the year. This year’s winners were replete with technology and biotech companies, as investors flocked to both sectors as a response to the coronavirus pandemic.

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