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Stocks, yields, gold and oil reportedly rose together
Hedgeye says the correlation across oil, stocks and bonds hit a 30-year high.
TLDR
A market observer said stocks, yields, gold and oil were all up on October 9. Hedgeye said the correlation across oil, stocks and bonds had hit a 30-year high. A separate roundup, citing ISM, said September US services activity was 54.9 against 55 expected, while its prices index reached 74. The roundup also said the 10-year Treasury yield touched a 24-year high.
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