A clear transformation in the stock market has taken place. Former leaders are now laggards, including growth stalwarts like Netflix (NASDAQ:NFLX) and biotech stocks, which went form the market's best performing sector to one of its worst in the blink of an eye. In contrast, former laggards, including emerging market equities, commodities and commodity stocks compromise the new market leadership.
http://seekingalpha.com/article/3966625-stock-market-leadership-transformation-continued