Recent Market Performance

The S&P 500 is down about 3% since October 19th, as the bull market charge higher has taken at least a breather over the past week or so.  As shown in the table at right, the Materials sector is down the most since 10/19 with a decline of 5.68%, followed by Financials (-4.50%), Industrials (-4.15%), and Consumer Discretionary (-3.50%).  Technology is down the least since 10/19, but it is really struggling today (Nasdaq down 26 points).

While the index is down 2.89% since 10/19, the average S&P 500 stock is down 4.32%, which means investors are probably getting hit a little harder than the broad market indices show.  Below is a list of the 25 worst performing stocks in the S&P 500 since 10/19.  As shown, MI is down the most at -25.35%, followed by MBI, WFR, BSX, ATI, CIEN, and GNW.

While it's not surprising, the highest beta stocks are getting killed during the current pullback.  As shown below, the 50 stocks in the S&P 500 with the highest betas are down 8.72% since 10/19, while the 50 stocks with the lowest betas are only down 2.11%.

Subscribe to Bespoke Premium or Premium Plus to receive more in-depth research from Bespoke.