Inflation nation. What will the fed do?

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Going into today’s CPI release, Oracle fell another 6.7%, while Micron dropped 4.64%. It’s been a tough stretch for tech and high-growth names, especially with inflation concerns looming over the market.

One crazy stat from Bespoke caught my attention—while I’ve always appreciated their insights, this one is truly remarkable: all 26 Russell 1,000 stocks that had gained more than 100% year-to-date as of last Friday were down today, and they were down an average of more than 5%. At the same time, the 25 worst-performing stocks in the Russell 1,000 YTD through last Friday were up an average of more than 3% yesterday.