Image from Pixabay AT&T (T) is up 4.4% over the last five trading days, while the S&P 500 is down 1.1%. Strength in a weak tape pulls money in. That five-day move is not the question. The question is what holding AT&T does to your money when the market moves, because over the past year it has tended to go the other way. How Much Of A Cushion Has AT&T Been? On days the S&P 500 fell over the past year, AT&T moved about 55% of the index's move in the opposite direction, so it tended to rise when the market fell. On the market's up days, it moved about 50% of the index's move the other way and tended to fall. That is a cushion on the bad days and a drag on the good ones, and a one-year reading can shift. The ride is not quiet.
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