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Analysis-Out-of-sync U.S. stocks hide market risks

U.S. stocks' tendency to move in sync has plunged to near-record lows, but what might seem like a stock picker's dream may actually be a mirage, and investors may be in for a rude awakening. S&P 500 correlation - a gauge of herd behavior, which measures how closely daily returns of index constituents align over a month - slipped to 0.22 at the end of June, close to the lowest since November 2021, according to data from S&P Dow Jones Indices. Investors expect stocks to move ...
Piper Sandler Daniel Kirsch Jack Ablin Saqib Iqbal Ahmed Arnim Holzer Nick Zieminski
Source: yahoo.com

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