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Stocks-to-asset-class correlations drive volatility

Friday, August 19, 2011 - 07:35

Aug. 19 - Shares in the top 10 sectors on the S&P 500 index are now 96.7 percent correlated -- a two year record -- and this could explain the whipsawing volatility of recent weeks, says ConvergEx's Colas.

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Stocks-to-asset-class correlations drive volatility

Friday, August 19, 2011 - 07:35