Anything Risky Is Down

The stock market is having a rough day so far today. The S&P 500 has been as low as 4,582.24. Right now, the index is hanging around 4,600 which is a loss of 1.65%.

The Nasdaq is down even more. That index is currently off by about 2.3%. In fact, the Nasdaq is basically flat over the last six months. The S&P 500 Tech sector is down about 2.4%.

Anything risky, folks are running from. Bitcoin briefly dipped below $40,000. GameStop has been down as much as 15%.

This is a good time to revisit my favorite comparison of late which is the S&P 500 Low Vol vs. the S&P 500 High Beta index. The High Beta index is currently off by 2.43% while the Low Vol index is down 0.89%.

Despite all the selling, on our Buy List, AFLAC (AFL), Church & Dwight (CHD) and Reynolds Consumer Products (REYN) all got to new 52-week highs today.

Posted by on January 10th, 2022 at 1:42 pm


The information in this blog post represents my own opinions and does not contain a recommendation for any particular security or investment. I or my affiliates may hold positions or other interests in securities mentioned in the Blog, please see my Disclaimer page for my full disclaimer.