Several correlations that I track are at rather concerning levels. All of these markets moving together could result in a negative feedback loop.
The DJI 20-day correlation coefficients included are: DJ China, DJ Europe, DJ Japan, junk bonds, US WTI oil, DJ US real estate, and gold. Included for experimental observations are: VIX and SPX put/call ratio.
The DJI 20-day correlation coefficients included are: DJ China, DJ Europe, DJ Japan, junk bonds, US WTI oil, DJ US real estate, and gold. Included for experimental observations are: VIX and SPX put/call ratio.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.