Excerpt from MarketWatch quoting DataTrek Research:
…. ” As long as we’re on the topic, DataTrek Research points out the average S&P sector correlations are at 8-month lows, due to market confidence of future dovish Fed policy and that the belief that long-term bond yields will continue to decline. Correlations between U.S. large caps and developed economy non-U.S. equities and emerging market stocks are also falling — which DataTrek attributes to the U.S.-China trade war, and its impact not just on Asia but the big export-oriented eurozone economies”….
Read the full article here on MarketWatch!