Some of the consumer discretionary basket got hammered Friday in a move similar to the engineering services drawdown two weeks ago…

… that we chalked up to funds reducing exposure to crowded positions. With no fundamental catalyst behind this sell-off either, that theory is looking more likely.

You might be interested in…

Disclaimer: Content on this site, including research reports, is provided by Bullpen Finance Inc. for informational purposes only and does not constitute investment advice. Bullpen Finance Inc. receives compensation from issuers for research coverage; such compensation does not influence opinions expressed. For complete disclosures, please see our Legal & Disclosures section.