The rapid decline in American stocks has been distinguished over the past three weeks with a dramatic fall of the largest Wall Street names such as NVIDIA and Carmaker Tesla.

But below the surface, there were winners, as well as the losers, as investors turned into shares that are seen as better isolated against economic concerns and difficulties.

Large technology and big banks take great success

The prominent losers since the record S&P 500 on February 19 are technology shares and other high -growth companies whose evaluation has increased in recent years.

Chips NafidiaThe axis of the arrow boom fell from artificial intelligence, more than 20 percent, as investors continue to be concerned about the threat of the artificial intelligence sector in China, while Tesla, whose shares fell after Donald Trump’s 36 percent victory, decreased as all of these gains received.

Peer Thiel’s Data Analytics Palantir fell by 30 percent after reaching A. Score Last month, investors were hoping for discounts in the cost of the US government.

Among the “Seven Magnificent Seven” is large technology companies, Microsoft He survived the sale better, lost 8 percent.

“The shares that you feel more than others in recent years,” said Drew Betit, the stock strategy at Citigroup. He insisted that there is still a “very good background for corporate growth” and said that investors now “need to buy a little of everything outside the Mag 7”.

Elsewhere, the worst performance was the shares that are seen as more likely to be slowed down in the American economy, as concerns about consumer and business morale were high. Airlines shares have been knocked Warnings of low demandWith Air Lines, American Airlines, and UNITED Airlines almost 30 percent since the February Summit of S&P.

The banks, another sector sensitive to the increasing recession concerns. Citigroup, Morgan Stanley and Goldman Sachs fell about 20 percent.

Winners: Defenses and “The Stocks that have been ignored”

Investors have converted their focus into the so -called defensive stocks, in the sectors is usually isolated from ascending and landing in the economy.

Among the largest winners since the February of February Summit, there are help tools like American Works, an increase of about 12 percent, and a health care stock like Merck & Co, by 11 percent.

The main local steel makers avoid sharp falls, with stocks like Steel USA And Nucor RISing on Tuesday, when Trump threatened by 50 percent of Canadian imports. The stocks have surpassed the broader index since the February Summit.

In the technology sector, the sale process allowed the relative return in some unpleasant stocks so far after a wonderful seven.

Shayb Perkins, chief investment official at Putnam Partners Director of Investments, CISCO and IBM Both have decreased about 6 percent since the February Summit, and in a positive way this year – as examples of “ignorance arrows”.

He added that the shares that “did not have a truly alarming story for growth investors or the value of investors.”

On Tuesday note, Goldman Sachs urged investors to convert shares into “non -sensitive” shares to the dangers of economic growth and commercial policy Amnesty InternationalBased on the share of the last revenues it calculates as coming from these trends – its choice includes the S&P GLOBAL and US GROCER KROGER classification.

The transformation left away from technology the US market is just less than it was at its peak. S&P 500 fell by more than 9 percent since its closure last month, but the release of the index of all stocks on an equal footstep by 6 percent. The Nasdaq Technology compound lost 13 percent.

Small optimism fades

However, there was no confirmation for the smaller American stocks, confusing the expectations that are likely to benefit from the stumbling of technology.

Small infidels have been withdrawn due to concerns about the health of the local economy, in a sharp shift from the high levels at all after the elections, as investors are betting that the new management package is from tax cuts and the abolition of restrictions would enhance growth.

Pain in small infidels contrasts with their strong performance during the sale of technology last August, when it gathered in the long -awaited market rotation. The weak performance this year emphasizes the increasing economic concerns that feed the recent sales.

It is shrinking in addition to Europe

The performance years of performance in the United States have witnessed a large evaluation gap with their peers in Europe and other markets, which some investors were martyred as evidence of a Growing a bubble in Wall Street.

The “growth of growth” in the United States caused the shrinkage of this installment. The recent Wall Street Falls in a number of despair have taken the prices forward from the multiple S&P-which is a basic standard of the relative value of shares-from more than 26 times to 21 times, according to Bloomberg, while the decline in European stocks has taken it from more than 15 times to the front of approximately 14 times.

Bulls of stocks refer to the longest time frames, which technology shares have recovered from every relapse to recording the heights. “It is worth remembering that the fluctuations are not the same risks.”

“The risks lose the capital of Malik permanently, which only happens if you lose your nerves and sell them while retreat, rather than hanging there and waiting for what happened always in time – recovery in prices.”