Performance During the Pullback

We recently broke the S&P 500 into deciles (10 groups of 50 stocks) based on stock performance during the last rally (3/9-6/12) to see what impact it has had on performance during the pullback.  The market is down more than 7% since June 12th, but the 50 stocks that were up the most during the last rally are down an average of 15.1%.  The 50 stocks that were up the least during the rally are only down 2.1%.  Investors have clearly been selling or shorting the big winners and moving into more defensive sectors.

 

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[kaliyug]

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