The S&P 500 is uncorrelated with...itself


  • Jason Goepfert

    Jason Goepfert

    Published: 2020-09-02 at 09:30:00 CDT

Daily moves in the S&P 500 index have becoming less correlated to the breadth of movement in its underlying stocks to the 2nd-most extreme degree in 30 years. There is also a near-record negative correlation between value and growth stocks. Only the year 2000 can match this type of odd behavior.


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