Yuriy Matso: Chart suggests concern over SPY and RUT corrections

Yuriy Matso: Chart suggests concern over SPY and RUT corrections
Concern over SPY and RUT corrections

Yuriy Matso expressed concern about corrections in SPY and RUT, stating that a chart comparing their patterns should worry everyone.

Matso has previously noted sector pressure, reporting that the diesel crack spread surged to $113 a barrel, impacting costs in transportation and agriculture. In a separate analysis, he observed that a record 18.9 percent of S&P 500 members showed a one-year negative beta to SPY. These observations provide further context for his latest concerns about market corrections.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.