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The last 5 days has had a 1.4% range, and a net $SPX move of 0%. That's sleepy, but not terribly out of scope. Plotted is 1 week average range since 1/17. The calmest 5-day period, with the smallest high-to-low range of ~0.46%, occurred from 10/11/17 - 10/17, which was the… https://t.co/d4Qh3ztKCl
SPX (top 50) stocks implied correlations ... more all-time lows (in the index) https://t.co/NOZrVVMEiK
"A Cboe gauge of implied correlation for the 50 largest S&P 500 stocks has recently hit a record low." @carlydwanna https://t.co/kW1nRnwb7x
The CBOE 1-month Implied Correlation Index has reached a new all-time low, with the $SPX 1m realized volatility and realized correlation also at multi-year lows. The rolling 30-day correlation between changes in Mag7 and S&P 500 Momentum Index is nearing a cycle high and now around +0.9. Implied correlations for the top 50 SPX stocks have hit record lows, indicating a trend towards decreased correlation among these stocks. Recent market movements have shown minimal volatility and little net change in the SPX index.