S&P 500’s rolling 1-month correlation has moved higher but remains low relative to history (especially when comparing to prior corrections) pic.twitter.com/0xGM4kieRc
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Liz Ann Sonders
LizAnnSonders
So far, S&P 500’s selloff since late March has been all multiple contraction (forward P/E, blue) as forward EPS (orange) have moved higher pic.twitter.com/su7aJ9rg5q
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Ryan Detrick, CMT
RyanDetrick
79 stocks in the S&P 500 made a new 10 day high, most in two weeks.
33 made a new monthly high, again, most in two weeks.