Corrections Hit Half of S&P 500 Stocks
More than half the index’s members have suffered peak-to-trough declines of at least 10% since May, data compiled by Morgan Stanley show.
It’s worse in small-caps, where 90% of Russell 2000 stocks have already suffered their own 10% correction.
As of Friday’s close, the average stock in the S&P 500 was down 10% from their 52-week highs, according to data compiled by Bloomberg.
Helping keep the market afloat are tech giants like Facebook, Amazon.com Inc. Apple Inc., Microsoft Corp. and Google parent Alphabet Inc., a cohort known as Faang. But don’t bet on stocks like the Faangs to continue to prop up the market indefinitely, says Mike Wilson, the chief U.S. equity strategist at Morgan Stanley.
Bloomberg 10 September 2021
Ivestment gains since early 2017 have been completely dominated by Apple, Microsoft, Amazon, Alphabet GOOG and Facebook
MarketWatch 13 July 2020
https://englundmacro.blogspot.com/2020/07/ivestment-gains-since-early-2017-have.html
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