POPA ReconNegative beta stocks are now 30% of the S&P weight, surpassing 2000-01 peaks per Evercore:
Negative beta stocks are now 30% of the S&P weight, surpassing 2000-01 peaks per Evercore: "Negative Beta stocks, an equal weighted, monthly rebalanced list of S&P 500 names whose rolling 6-month daily % change is inverse to SPX has (an astounding!) 191 names, up from October’s 130, a new series high, eclipsing 2000-01 peaks. Even more importantly, the “Record” weight of the Negative Beta portfolio at 27.6% of the S&P 500’s market cap has, for the first time, exceeded the 26.3% in the 2000-01 period (Figure 1)" https://x.com/negligible_cap/status/2117608090472247662
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