A Little Market Chaos Is Just Fine With These Stock Traders
- Correlations falling at one of the fastest rates in a decade
- Earnings and rotation mean strength offsets other’s weakness
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Under a bland surface, anarchy reigns in stocks. For the people paid to trade them, that’s not a bad thing.
This earnings season, when one company blows up, another surges. Intel Corp. goes down, and Microsoft Corp. rises. Hit by disparate moves, stocks are falling out of step with each other at one of the fastest rates in a decade. The name of the game has been rotation roulette.