Tag Archives: QQQ
The 60-day correlation between SPY and QQQ ETFs has plunged near pre-dotcom crash and below pre-2007 top levels. Caveat lector included.
Nearly a decade of explosive technological growth in the 1990s was followed by a collapse of 75% of the key index, the NASDAQ-100. Many investors lost everything but key aspects of the technology survived. The next five years of growth … Continue reading
The 60-day correlation between S&P 500 and Nasdaq-100 has dropped to levels reached along the 2000s uptrend. Although correlation can be dubious measure, current low levels may indicate that there is potential in the market for further gains.
The stocks of Intel and Cisco Systems are still 27% and 54% below their all-time high, respectively, on a dividend adjusted basis. The sluggish recovery in the tech sector for about 14 years after the bubble burst of 2000 is … Continue reading
Below are charts showing year-to-date performance and descriptive statistics (correlation, annualized standard deviation) for selected stock indexes and ETFs.