Liz Ann Sonders notes Nvidia's correlation to S&P 500 dropped from 0.95 to 0.3, suggesting a broader market correction.
Liz Ann Sonders, Charles Schwab's chief investment strategist, has observed a significant drop in Nvidia's correlation to the S&P 500 index, from 0.95 at the start of the year to 0.3. This suggests a broader market correction rather than just Nvidia's performance. Sonders' comments follow Nvidia CEO Jensen Huang's keynote address at Computex 2024.
June 04, 2024
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