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The first is that it was an uneven recovery, if you break stocks down be sector, which I have, for both US and global stocks, in the table below: As you can see, technology was the biggest winner of the year, up almost 58% (44%) for US (global) stocks, with communication services and consumer discretionary as the next best performers.
Cash & Cash Equivalents: Highly liquid assets like physical cash, bank balances, marketable securities (short-term investments easily converted to cash), a nd treasury bills. Preferred Equity: The value of the company’s outstanding preferred shares, which represent another source of capital with claims senior to common stock.
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