Simple, Strong Correlation With Oil Leaves Yields Lower

Simple, Strong Correlation With Oil Leaves Yields Lower There’s no sense in overcomplicating today’s trading session. Oil was down significantly and so were bond yields. The correlation was very strong after 4am ET with each major peak and valley aligning. Econ data was present, but not a relevant consideration for trading. Stocks were also part of the correlation game but in a perfectly inverted way (peak in oil/yie…