A few months ago, investors couldn't get enough of high dividend payers. Now they want nothing to do with them.
Bespoke Investment Group
Returns have been rebounding from multi-decade lows in the last couple of years and are now up to 51.9%.
Apple's stretch of 31 closes below its 50-day was its longest since it ended a 69 trading day streak on December 5th, 2008 (during the depths of the financial crisis).
The thirteen most volatile stocks with rising 50-day moving averages all come from either the Consumer Discretionary or Technology sector.
Such a large amount of financial headlines in recent years on what is mostly a political website represents a key shift in society.
The 10-Year US Treasury is now paying a coupon that is less than the dividend yield of more than half of the stocks in the SP 500.
Every single US equity ETF except for Consumer Staples (XLP) posted a gain last week, with the S&P 600 Smallcap Growth ETF (IJT) up the most at +2.79%.