The pandemic certainly produced some stocks that won big. But it turns out that many of these stocks were like meteors briefly shooting across the night sky.
Fifty winners from the pandemic have lost over $1 trillion in market value in just a few years, as investors have lost interest in many of these stocks. Bloomberg data shows that the early pandemic winners have collectively shed more than a third of their total market value, the equivalent of $1.5 trillion, since the end of 2020!
