Our Correlation Analysis shows some remarkable results, namely that Tech, Banks, Materials and the Euro intensify their lockstep relationship in a weak market. There is no diversification just liquidity that drives this QE beast.
The flight out of BETA also shows up in the growing inverse relationship to the Healthcare Sector and Staples or defensive Sectors.
the Relative Strength analysis shows the same, that the former leaders lead the Market down and that there is no absolute hiding in a liquidity driven market, neither in Healthcare nor in Staples.
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