The Comeuppance of the Hare
Just like that, the market is essentially flat for the year as those fast-moving names that lapped the crowd for so long continue to retreat.
Investors love those High-beta stocks on the upside, but panic on the downside.
Until recently, the notion these names could back up enough that other decidedly less volatile (read: boring) names could be up as much seemed preposterous.
Kind-of-like the fable of The Tortoise and the Hare.
So, major equity indices find themselves back at the starting gate with less than two months to the end of the year:
A deeper look underscores what I have been pointing out for a couple of months - the number of losers. Now that it’s larger than winners, it illustrates how difficult it’s been to outperform them this year.
Add a Comment!
Products & Services |
In The Media |
About Us |
All Rights Reserved.