FYI: Stocks, bond yields, commodities and other risky assets have continued moving in lockstep lately, raising hopes that this year’s nascent rebound will continue but also fueling worries momentum could once again reverse.
Correlations across assets have hit their highest level in almost a year, with the S&P 500, the 10-year U.S. Treasury yield and U.S. crude oil moving in tandem in nine of the last 12 sessions. A six-day run of declines for the asset classes earlier this month was the longest streak since June, according to Dow Jones Market Data.
Regards,
Ted
https://www.wsj.com/articles/risky-assets-move-in-tandem-stoking-fears-more-volatility-lies-ahead-11548248400
