FYI: As is usually the case, most stocks are doing worse than the index. While the S&P 500 is mired in a 15% drawdown (as of yesterday’s close), the median stock is 23.5% below its 52-week high.
Looking within the S&P 500 (as of yesterday’s close, data from YCharts), things have gotten ugly out there. There are more stocks 50% below their 52-week high (21) than stocks within 5% of their 52-week high (18).
40% of S&P 500 stocks (black/gray) remain within 20% of their 52-week highs. The other 60% are in what some would refer to as a bear market.
Regards,
Ted
https://theirrelevantinvestor.com/2018/12/20/surveying-the-damage/
