Correlation Madness
Super Bowl Folly
May 17th saw the year’s worst day for the stock market so far, as the Dow Jones and S&P 500 each lost 1.8%, and the Nasdaq plunged 2.6%, its biggest one-day loss since the ‘Brexit’ vote last June. The drop snapped a Nasdaq streak of 171 sessions without a greater than 2% down day, its longest stretch since 2006. Remarkably…
