Stocks vs futures analysts note stocks vs futures

Analysts note stocks vs futures correlation has slipped to 0.72 in Q2 2024, down from 0.88 in January. Equity traders are rotating into undervalued sectors, while short-term futures positions reflect caution ahead of Fed rate decisions. Over the last two games, Notre Dame is 2-0 with 112 points scored and Jeremiyah Love scored six touchdowns in that span. Against Arkansas, Love had a career-high four total touchdowns, two on the ground and two through the air, en route to his third consecutive 100-plus total yard game. "Nevertheless, we think this is a 'sidebar' issue and probabilities heavily favor stocks remaining strong from October to December this year. In fact, we see S&P 500 reaching at least 7,000 by year-end — and maybe higher," wrote Tom Lee, head of research at Fundstrat. Sector rotation patterns are shifting stocks vs futures correlation lower — healthcare and tech show stronger spot performance while futures pricing remains flat due to macro risk hedging.