Michael Nagle | Bloomberg | Getty Images
Pedestrians walk along Wall Street near the New York Stock Exchange in New York.
All year, two groups felt kind of bulletproof: FAANG names because the growth was so amazing, and small caps (Russell 2000) because the economy was so strong and they would do well even if there was a tariff war.
But something's happened this week. Everything has gone a bit topsy-turvey:
Markets: leadership switch?(Week to date)
S&P 500 up 0.5 percent
Russelll 2000 down 1.9 percent
FAANG down 4 percent
