Much to this value investor's dismay, this is starting to smell like the type of market that "growth" (i.e. momentum/unreasonably valued) stocks could outperform. Below is a group of the top stocks from Avondale's proprietary growth screen and their performance since the beginning of the month. The S&P is down 3.5% now month to date. This group is only down 1.79%.
Some names that don't pop up in the screen that come to mind are: AAPL, CMG, UA, NKE and MCD. All of these have done better than the S&P since April 1.