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Market Extra: Why a closer look at stock-market performance reveals a ‘very muddled picture’

The extreme dispersion of returns among sectors within the S&P 500 could make indices more vulnerable. Read More...

Stocks remain off to a winning start in 2023 despite rising recession fears and uncertainty around the stability of the banking sector. Take a closer look, however, it’s clear the market is far from moving in lockstep.

Instead, the S&P 500 has demonstrated a high degree of dispersion, a measure of the variation in returns within an index or a market.

Dispersion…

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