LoRosha (@lorosha): "The S&P 500 fell 0.24% on April 20. The Russell 2000 hit an all-time high the same day. The index and the market moved in opposite directions. High-weight constituents carried the highest geopolitical beta. The index did not reflect the market. It reflected its largest comp…"

The S&P 500 fell 0.24% on April 20.

The Russell 2000 hit an all-time high the same day.

The index and the market moved in opposite directions.

High-weight constituents carried the highest geopolitical beta.

The index did not reflect the market.

It reflected its largest components.

Geopolitical Beta Divergence: Market-Cap Weighted Amplification of Asymmetric Exposure

Apr 20

10:52 PM