Collapse of Correlation in Stocks to Persist, Citigroup Says
- Sector influence is starting to grow as correlations decline
- Macro risk aversion fell steadily over the last year
A Deep Dive Into Equity Markets With Citi's Levkovich
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It’s a good time to be a stock picker, according to Citigroup Inc.
The collapse in correlation among equities and waning risk aversion may be the start of an improving environment for share selection, strategists including Chris Montagu wrote in a recent note.