The reason

This is the dynamics of the SP-500 index for the year

1A

And this is the dynamics of the index of all American stocks (действующие + выбывшие) with USD average daily volume above 4 million.

1

Actually, bear market, despite the fact that American indices are in positive territory by the end of the year. Let me remind you, that during the year, small capitalization shares were actively merged, pharmaceuticals and other not quite liquid stocks.

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