To say that the U.S. stock market has stumbled out of the gates in 2016 is an understatement. By some measures, it has been the worst start to a calendar year for stocks in history. But even with the S&P 500 Index having fallen by as much as -11% and still down nearly -7% for the year to date through Tuesday, the good news is not all stocks have joined in the move to the downside. In fact, fifty out of the 500 stocks in the S&P 500 Index are actually higher for the year to date. And taking a look at the composition of this small list of winners is instructive as to what we might expect from different segments of the market if the selling continues with fits and starts through the remainder of 2016.
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