, Columnist
Stock Market Anomaly Is Playing By Its Own Rules
From cap-weighted outperformance to a lag for banking stocks, we’re in a rise that looks very weird. What’s going on?
There’s method in this market, but you have to look for it.
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Patterns and correlations, like rules, were made to be broken. Markets are aiming to allocate capital in an economy that is constantly evolving, so no relationship is ironclad. That said, the advance of the US stock market looks really, really weird.