This is something I've noticed and known for some time; but what causes it to be so seemingly strong and timed.
Obviously I am not saying there is perfect correlation but to a naked eye looking at a chart, blue chips in the SPX all seem to rise and fall in tandem.
And do traders who employ StatArab only accentuate this, (making it a self-fulfilling prophecy?)
For example, take VZ and AAPL
VZ missed earning expectations so it naturally gapped down but as soon as the market was live it began following the same overall trend of the SPX (of which AAPL is in)
Submitted April 20, 2017 at 12:07PM by CALCQ http://ift.tt/2pGWz3q
