We ran our decile analysis on the S&P 500 to see how stock performance during the brief pullback from 3/1 to 3/6 has affected performance over the past two days. To run the analysis, we break the index into deciles (10 groups of 50 stocks each) based on stock performance from 3/1 to 3/6 and then calculate the average performance of the stocks in each decile since 3/6.
As shown below, the 50 stocks that went down the most during the pullback are up an average of 2.63% over the past two days. The 50 stocks that performed the best during the pullback are only up an average of 0.83% over the past two days. Based on this analysis, traders have been quick to buy back stocks that dipped the most.
For those interested, below are the 25 best performing stocks in the S&P 500 over the past two days.