Monday Bloodbath

Today was one of the worst days for the stock market of the last few years, and the Tech-heavy Nasdaq has fallen a similar amount in the last 13 trading days (-12.4%) that it fell in the first 13 trading days of the COVID Crash back in 2020.

The sell-off since the 2/19 high has been driven by the stocks that did the best in the first couple months following last November's election.Below we've broken the Russell 1,000 into deciles based on stock performance from Election Day on 11/5/24 through the close on 2/19.Each bar shows the average percentage change of the stocks in each decile since 2/19.As shown, the 100 stocks that did the best from Election Day 2024 through 2/19 are down an average of 19.7% since then.The 100 stocks that did the worst from Election Day 2024 through 2/19 are down an average of just 1.4%.What we've seen over the last three weeks is simply a wholesale reversal of the original move following Trump's victory.  

(Click on image to enlarge)

Below is a list of the 20 Russell 1,000 stocks that did best from Election Day through 2/19.These stocks are down an average of 27.6% since then.

 


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Disclaimer: Bespoke Investment Group, LLC believes all information contained in this report to be accurate, but we do not guarantee its accuracy. None of the information in this report or any ...

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