Recent Winners Getting Hit Hard Today

 |  Includes: DIA, IVV, MMTM, QQQ, SPY, VLU, VOO, VTI
by: Bespoke Investment Group

The stocks that have been the best performers over the last few months are getting crushed today as investors and traders sell their winners.

We broke the S&P 1500 into deciles (10 groups of 150 stocks each) based on stock performance from the start of the third quarter through yesterday and then calculated the average performance of the stocks in each decile today. As shown below, the decile of stocks that performed the best since the start of the third quarter is down an average of 1.93% today, which is much worse than any other decile. The higher they go, the harder they fall...

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