Economic Policy Uncertainty and Sectoral Trading Volume in the U.S. Stock Market: Evidence from the COVID-19 Crisis

Figure 5

The wavelet coherence and phase plots between the EPU index and MATV for six sectors (communication services, consumer discretionary, consumer staples, energy, financial, and health care). (a) EPU and communication services. (b) EPU and consumer discretionary. (c) EPU and consumer staples. (d) EPU and energy. (e) EPU and financial. (f) EPU and health care.

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