Bearish Outlook Breaks Consensus
May 21, 2026
9 min
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5,304 of 5,353
May 21, 2026
Bearish Outlook Breaks Consensus
0:00 / 9:57
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Bloomberg Originals Episodes Around May 21, 2026
Episode 5,304 of 5,353 — walk the feed in the order it was published.
9:57This episodeBearish Outlook Breaks Consensus
Summary
<p>Active managers who briefly looked like they might finally have their moment earlier this year are once again confronting a familiar problem: a market rally driven by a tiny group of tech mega caps that diversified portfolios simply can’t keep up with.The share of mutual funds outperforming the S&P 500 this year has plunged to just 28%, according to the latest data from Barclays, down from over 60% at the end of February. After benefiting from a rotation out of high flying technology shares and into the broader market, stock pickers are getting left behind as money floods back into a narrow group of AI-fueled heavyweights.<br /><br />For more on the generally bearish, Tim Stenovec and Emily Graffeo speaks with Thomas Thornton, President at Hedge Fund Telemetry and Alexandra Semenova, Bloomberg US Stocks Reporter </p><p>See <a href="https://omnystudio.com/listener">omnystudio.com/listener</a> for privacy information.</p>
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