WSJ: "It’s Not All Tech. Small Stocks Are Powering the Market Higher."

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WSJ: "It’s Not All Tech. Small Stocks Are Powering the Market Higher."

Excerpt from the Wall Street Journal quoting DataTrek Research’s data:

….. “This broad earnings growth has also helped push correlations between sectors lower, giving stock pickers a better opportunity to identify winners and losers. Although correlations among technology companies remain elevated, average sector correlations relative to the S&P 500 were 0.6 over the past month through Sept. 11, according to DataTrek research. Between October 2009 and October 2016, the average correlation for U.S. stock sectors was 0.8, DataTrek data show”…..

Read the whole story here in the Wall Street Journal!