$NDX in Correction as Growth Stocks Lag While Energy Leads
Last week sent the $NASDAQ(.IXIC)$ into correction territory, which means it’s down over 10% from the all-time high.
The S&P 500 $S&P 500(.SPX)$ is holding up a little better because energy stocks are doing well in 2026.
While the market may only be down single digits, the Asymmetric Portfolio is down 27.3% in 2026. Why? Growth, tech, and anything software related is down big in 2026.
Look at the S&P 500 heat map, and you can see the companies outperforming are primarily in energy, consumer defensive, heavy equipment, and utilities.
Long-term, I don’t think these are outperforming industries, but over the last three months, they are.
$Microsoft(MSFT)$ $NVIDIA(NVDA)$ $Broadcom(AVGO)$ $Apple(AAPL)$ $Tesla Motors(TSLA)$ $Alphabet(GOOG)$ $Amazon.com(AMZN)$
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