Sources
- The Kobeissi Letter
Correlation across US assets is rising: 1-month correlation between the S&P 500 ETF, $SPY, the popular-bond tracking ETF, $TLT, and the US Dollar index, $DXY, spiked to 0.2 points, the highest in at least 6 years. This is a sharp reversal from a negative correlation of 0.3 https://t.co/tUoopI6Z3j
- Markets Insider
A steep plunge in the dollar is a reason to stay bullish on stocks, Morgan Stanley's CIO says https://t.co/aJZLHy2hdn
- Global Markets Investor
⚠️HOLY COW: 1-month correlation between prices of the S&P 500, the Dollar, and Long-term Treasuries spiked to the highest in at least 7 years. It should be added that if a true LIQUIDITY CRISIS comes, then even global stocks and gold would go down along with them. Be mindful. https://t.co/rkqEBa1Yaa