High-Beta Stock Trade Seizes Up Right After Everyone Piled In
- Mutual fund cyclical exposure rises to two year high: Goldman
- Heath care, utilities, real estate sectors led last two weeks
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The market, it’s said, finds a way to maximize the pain. For everyone who fell in love with cyclical shares just in time for them to drop the most in two months this week, it’s an adage they can relate to.
Lurches in retail, technology and commodity stocks are spelling trouble for newly christened macro bulls, sending an exchange-traded fund that tracks high-volatility shares to its first decline since October. Back on top are health care, utilities and real estate, defensive sectors that dominated all year.