Bank Stocks: From Amazing Rallies to Tempting Buys Amidst Headwinds.
TL;DR Summary
Fourteen S&P 500 stocks that had been up big are now shockingly down for the year, including First Republic Bank, Newell Brands, and Match Group, which entirely wiped out 20% or higher gains up until the S&P 500 topped this year on Feb. 2. The S&P 500 is now up only 3% on the year, having given back two-thirds of its early gains. The reversal in the market is a reminder of how markets are riskier than they've been in 60 years, and leading indicators of a recession that many think is inevitable.
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