POPA ReconCOR1M is an options-based metric measuring how closely the top stocks in the S&P 500 are expected to move together over the next month. And…
COR1M is an options-based metric measuring how closely the top stocks in the S&P 500 are expected to move together over the next month. And it currently close to all-time lows, where single names stocks are not closely correlated with each other, signalling good times ahead or just declining breadth thrust to a few single names (mainly mag7).
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