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Hickey and Walters (Bespoke) submit: The best performing stocks for the year going into today are the ones getting hit the hardest, while the worst performing stocks for the year are faring the best.

The 10% of Russell 1,000 stocks that were up the most for the year as of yesterday are down an average of -3.61% today (as of 3 PM). The bottom 10% are down just 41 bps. With the S&P 500 now down for the year and officially in a 10% correction, investors seem to be locking in profits in the stocks they had gains in.

click to enlarge
perfomance by decile

Source: Best Performing Stocks Hit Hardest