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

•	In July, dispersion for the S&P 500^® rose above 7% for the first time since early 2012. A 10% gap separated the returns of S&P 500 sector leaders Utilities and Consumer Staples from laggards Materials and Energy.
•	We welcome Australian, Canadian and Chinese equities to our Correlation and Dispersion dashboards this month. In China, a rout in equities saw stock-to-stock correlation rocket up to 56% last month, the highest since 2002.
•	Correlations remain worryingly high in a European market still paying close attention to the Greek debt crisis. Correlations were also high this month in Australia as the equity market digested a slowdown in the Chinese economy and falls across the board in commodity prices.