Using Correlations to Call Turns in NVDA/S&P 500

Using Correlations to Call Turns in NVDA/S&P 500 - DataTrek Research

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Using Correlations to Call Turns in NVDA/S&P 500

By datatrekresearch in YouTube Using Correlations to Call Turns in NVDA/S&P 500

(Published August 14, 2024)

DataTrek co-founder Jessica Rabe shares one key measure we’ve used to make the right calls on US equities this year, including the recent selloff. One example: S&P 500 sector correlations to the index were abnormally low in mid-July, which told us that investors were too optimistic about US stocks. The pullback since has seen correlations increase back to near-normal levels. We’ll want to see them stabilize here to confirm the bull market is still alive and well.

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