Just A Reminder: The High-Beta Stocks Are Overdue For A Crash To Earth

All the big high-flyers are tanking today. You know, your Netflixes, your Chipotles, etc.

They were overdue.

As this chart from UBS points out, the “Beta vs. S&P 500” trade is far and away the performance of past recoveries.

beta

Photo: Oppenheimer

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