Smallcaps, Consumer Stocks Furthest Below 52-Week Highs

While the S&P 500 is less than 12% off of its intraday high from October, individual stocks are faring far worse. As the chart to the right indicates, the average stock in the S&P 1,500 is now over 30% off of its 52-week high.

Grouping stocks by their market cap shows that while large caps have been holding up better than average, small caps have been decimated.

On a sector basis, while financials are what led the market lower, it is consumer stocks that have been hit the hardest, with an average decline from highs of 43.4%. Perhaps the most surprising sector is technology. While tech stocks led the market higher in 2007, the recent declines have put the average stock in that sector 33.6% below its 52-week high. So much for follow through.

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