At the request of today’s trading room participants, here is a table of TLT correlations as of last night across various holding periods. Note in particular, the rapid rise from negative to positive correlation in the Financial sector….
Of course, the shorter the time frame, the less stable the statistical strength of the relationship, but, it is what it is and sometimes it’s the trend and vertical inter-market view that is as informative as statistical strength. In that last respect, none of these measures is particularly strong in the near-term.
This table was generated entirely from the tools found within ETF Rewind.
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