The number of stocks with negative beta in the S&P 500 index has reached a record level, signaling an increase in underlying market volatility. These stocks are now moving in opposite directions on any given day, a phenomenon that goes beyond what the overall index performance might suggest. This situation could reinforce the concerns of bearish investors about artificial intelligence and suggests that the U.S. stock market resembles a rubber band ready to snap.
Source: Read the original article
