Putting all the pieces together

One can safely say that since the 2nd quarter of 2003 the US stock market has become strongly correlated with the euro and (less strongly) the yen, but not with crude oil nor with the bond market. The bond market and the stock market became strongly anti-correlated during the stock bear market of 2000-2002 but they have become un-correlated precisely when the stock market and the euro became strongly correlated.




Categories: stock market, bond market, currencies, correlations