U.S. stocks may face a challenging time in the next two months, as the correlations between the S&P 500 sector indexes and the main index are extremely low, according to a report Tuesday by Nicholas Colas, co-founder of DataTrek Research.
The S&P 500SPX’s sector correlations to the index measure how much industry fundamentals impact stock prices relative to macroeconomic factors, such as interest rates or recession risks.
When…
Read the full article here
