Riskiest S&P 500 Stocks Part Company With Stodgier Peers
Investors are embracing the riskiest U.S. stocks and shunning more stable shares more than usual as market indexes set records. The move is evident in the fraying ties between the S&P 500’s high-beta and low-volatility indexes, as depicted in a report Thursday by Michael Shaoul, chief executive of Marketfield Asset Management LLC. He cited the 50-day correlation between the indicators, which hit bottom this week at 0.04, the lowest level since March 2001.