If your portfolio is falling apart, you probably have too many momentum stocks in your portfolio
Pay attention to the following amazing data point:
Goldman Sachs' high-beta momentum stock basket (very volatile stocks) is on track to close its worst month in history
You read that right
Not in the last year
Not in five
Not even in ten
But since measurements began
Worse than 2000 and 2009, which were the worst years until today!
Momentum stocks have undergone a very aggressive repricing - and this is felt in every portfolio that was overweight momentum stocks!