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Diverging sector correlations

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Correlations between the S&P 500 and its constituents have been trending lower since October. Correlation trends at the sector level have diverged since the start of the regional bank crisis. Financials' correlation with the Regional Banks sub-industry is on the rise, but the sector could have a window for outperformance.

Ned Davis Research | Equities | U.S. Sector & Industry Focus | Weekly

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