Bloomberg Surveillance · Tuesday, July 7, 2026
An increasing number of stocks, including those in energy, utilities, consumer staples, and insurance, are moving inversely to the S&P 500. This phenomenon, last seen 25 years ago, indicates a demand for diversification and suggests that despite the AI focus, investors are seeking alternatives.
“And then the other part of this volatility is the fact that even though you're seeing more volatility in the tech sector, you're seeing less volatility elsewhere. In fact, you're seeing an entire cohort of stocks on a day to day basis move inversely to the S and P five hundred, the likes of which we haven't seen in twenty five years.”
“So basically what it means is it's a variety of industries.”
“Energy. Utilities, consumer staples, and strangely enough, insurance stocks.”