Goldman Stock Picker’s Case Run Over by S&P 500 Correlations

Updated on
  • Low-dispersion environment returns after Brexit volatility
  • Citi index shows highest stock-to-stock correlation since ’11

Brexit Amps Up Asset Correlations

It was less than a month ago that Goldman Sachs Group Inc. saw the U.S. equity market turning into a stock-picker’s playground. Then came Brexit.

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