The correlation between oil and the markets has turned negative amid the tech selloff – analyst
FROM THE WIRE · SEEKINGALPHA.COM
[Industiral icons on blue world map] photoman/iStock via Getty Images A key shift is occurring in the relationship between oil markets (CL1:COM [https://seekingalpha.com/symbol/CL1:COM]), (CO1:COM [https://seekingalpha.com/symbol/CO1:COM]) and U.S. real yields, according to…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralThe shift in correlation between oil and real yields changes how investors read inflation and monetary policy.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Until mid-September oil and US real yields were positively correlated.
- 02Since then the correlation has turned negative, according to Stephane Deo of Eleva Capital.
- 03The new narrative suggests higher oil prices lower real yields.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
Meta Platforms, Inc.643.86 USD-0.37%today -0.77%Negative S&P 5007,652.15+0.04%today -0.15%Negative
US 10-Year Treasury—n/aNeutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets