Global Markets Correlate So Closely That Becoming a Stock Picker is Ever More Important for Gains

“In his U.S. Equity Strategy Weekly note last week, RBC Capital Markets’ Myles Zyblock wrote about how it is becoming increasingly difficult to be a good stock picker (i.e.someone who doesn’t just invest in index funds).

“At a basic level, we highlight the trend increase in performance correlation as an important marker of this phenomenon,” he writes.

In other words, stock market investors are increasingly producing similar returns.”

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