Market Extra
The extreme dispersion of returns among sectors within the S&P 500 typically sees indexes falter, say technical analysts
Stock market returns are showing a high degree of divergence.
MarketWatch photo illustration/iStockphoto
Stocks remain off to a winning start in 2023 despite rising recession fears and uncertainty around the stability of the banking sector. Take a closer look, however, it’s clear the market is far from moving in lockstep.
Instead, the S&P 500 has demonstrated a high degree of dispersion, a measure of the variation in returns within an index or a market.
Dispersion…
