Morning Equity Index & Commodity Correlations (USO)
|CL, ES, NQ, GC|
After the bulls ran the index’s nearly parabolically higher, the bears this morning are flattening that curve. Only question is how long will it last with bids coming into the ES_F @ 1180 … Gold is coiled up under the 1790 level. Risk is certainly off this morning….
Risk on, Risk off.