The stocks that have dominated the market for years are getting destroyed. Here's what it means, and what might be next.

over the trailing 12 months — since 2009. In fact it was one of the worst two-week stretches for those stocks since 1980, with returns in the first percentile for that period.It's been brutal for investors who made big bets that those recent winners would keep climbing"Perceived improvement in US-China trade negotiations and better-than-feared economic data helped ease investor concern about an impending recession, lifting bond yields and sparking the market rotation," he wrote.

The rise in bond yields caused investors to dump the defensive stocks, which pay high dividends. The stocks had become expensive and those dividend payments didn't look so attractive as bond yields increased. Meanwhile the more optimistic view of economic growth that Snider mentions set off big rallies in shares of companies that are more closely tied to the economic cycle, like energy, banks, and small caps.Delwiche said that if the shift into neglected stocks lasts a bit longer, it could be a very good thing, leading to broader market leadership that helps the decade-old bull market keep running., he said.

Are we surprised? This is the danger of assuming the rest are bigger fools.

S&P 500 over 3000! Yea!

Good thing I invested in Yahoo Answers

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Here's how to play the massive transformation taking place in the stock marketHere's how investors can participate in this market transformation which some on Wall Street called a 'once in a decade opportunity.'
Source: CNBC - 🏆 12. / 72 Read more »

There's been an 'unheard of' stock market shift this week and it's crushing hedge funds. Here's everything you need to know.You might have missed it, but there's been some remarkable shifts in the stock market over the past few days. Ok let me read this and see if I can understand any of it. I really don’t understand anything about Wall Street.
Source: BusinessInsider - 🏆 729. / 51 Read more »

A crazy last 12 hours has put the market inches away from a record: Here's what happenedHere's what investors need to know about what's happening in this rapidly changing U.S. market environment. 😂😂😂 Fake reporting causes problems
Source: CNBC - 🏆 12. / 72 Read more »