S&P Dow Jones Market Attributes: Correlation & Dispersion Index Dashboard

HIGHLIGHTS:

•	Large capitalization stocks in developed markets largely followed the macro environment, currently buffeted more by the market's reading of the ECB's perceived willingness to add further stimulus in Europe than by events in Ukraine or the Middle East.
•	Dispersion within each of the S&P 500, S&P Europe 350 and S&P Developed Ex-U.S. LargeMid Cap fell to within a few basis points of multi-decade lows.
•	Correlations rose within the S&P 500, elsewhere changing relatively slightly. For the S&P 500 and S&P Europe 350, correlations are close to their long-run historical average; for other indices, correlations are well below average.
•	Emerging market dispersion remains higher than that of developed markets in both absolute and relative terms.