High yield, no yield, loved by Wall Street or hated, every kind of stock has been pretty much slammed this year — leaving no place for equity investors to hide.
Bespoke Investment Group dissected the names in the S&P 500 to see if it could glean which kind of stocks (value, growth, etc.) led this year’s declines, but it found just about everything in the index was off by 7 percent or more. It released a snapshot of its market findings Tuesday with the S&P 500 down 8.9 percent for the year.
“There’s nowhere holding up right now,” said Paul Hickey, co-founder of Bespoke. “You wouldn’t expect much to be doing well but every is down close to 7 percent or more.”
[“source-gsmarena”]
