Cracking the nutty asset correlations of this market

Cracking the nutty asset correlations of this market

This morning provided a great example of how confusing and complicated correlations among asset classes are in the current market.Stocks rallied with the Standard & Poor’s 500 up 1.15% as of 11 a.m. New York time and the Dow Industrial Average ahead 1.7%. In some markets that would have been an all-clear signal after last week’s chaos and sent a message that buying risk assets was okay again.