A September Surprise in Inter-market Correlations (video)

Arthur Hill
by Arthur Hill,
Chief Technical Strategist, TrendInvestorPro.com

The PerfChart below shows six inter-market related ETFs. Notice that stocks are up with the Russell 2000 ETF (IWM) leading the way (blue). Bonds are also up for the month and this is strange because stocks and bonds are usually negatively correlated. On the other side, notice that gold, oil and the Dollar are down, which means they are positively correlated. This is also unusual because the Dollar is usually negatively correlated with commodities.

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Click this image for a live chart

Arthur Hill
About The Author:

Arthur is the Chief Technical Strategist at TrendInvestorPro. Focused primarily on US equities and ETFs, his systematic approach of identifying trend, finding signals within and setting key price levels has made him an industry-leading technician. Learn More 

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