High beta names took a beating today while the broader market held up relatively well. Classic risk-off rotation — when volatility picks up, the high-flyers get hit first. This is exactly why portfolio construction matters. If you're overweight momentum and growth without any ballast, days like this hurt. Nothing wrong with owning high beta when you understand what you're signing up for, but don't be surprised when it cuts both ways. Market's just doing what markets do.