Correlations in equities have risen lately. High correlations are not indicative of a healthy or normal market, analysts say. A higher correlation means prices are moving together, rather than going their separate ways. [Sector ETF Correlations at Two-Year High: Strategist]
SPDR S&P 500 ETF (NYSEArca: SPY)
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Max Chen contributed to this article.
Full disclosure: Tom Lydon’s clients own SPY.