Rising ETF Correlations Could be a Negative for Rally’s Integrity
November 12, 2013 at 11:50 AM EST
From the outside, a rally is a rally and upside is to be enjoyed by all but those that insist on going against the trend. However, a deeper look should turn up a rally based on falling sector correlations and that is not the current state of affairs with U.S. equities. “The average correlation for...