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Correlation | September 13, 2017

Posted on September 13, 2017

Long and short-term correlation are more or less in parity with each other, signifying no particular push toward any single macro theme. We think the decrease in rates and the general belief that rates will stay lower for longer after Fed Vice Chair, Stanley Fischer’s exit will likely start to emerge as a major theme. […]

Correlation | August 16, 2017

Posted on August 16, 2017

Correlations continue to rise, indicating a strengthening macro trend likely related to falling interest rates. This correlation trend is counter to the idea of a reflation trade, which is showing up in momentum trends. This could be an important indicator, but it will require some type of confirmation across different indicators before we can draw […]

Correlation | July 27, 2017

Posted on July 27, 2017

Correlations among asset classes increased over the short term, which may indicate a renewed strength in macro issues likely stemming from broad based signaling of increased rates. While rates didn’t move very much over the past week, we think the overall range of trading will signal to markets what sort of macro events are driving […]