One global dollar trade: Correlations stay at extreme levels

Correlations remain high across assets, and the dollar seems to be the source leading it all, as BTC’s DXY correlation has reached levels not seen since the covid crash in March 2020. Are we nearing the peak of cross-asset correlations?
Source: Tradingview

Last week’s CPI surprise caused yet another joint market movement across a various range of asset classes, as the market repriced the Nov 2nd FOMC hiking expectations.

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