From cross-market links
When markets that usually move together, or apart, break their normal relationship.
Brent crude oil and S&P 500 are moving in opposite directions
- Five-year average 0.07
- Range -0.60 to 0.70
- Today the weakest link in five years
Over the last 63 sessions, daily moves in Brent crude oil and S&P 500 had a correlation of -0.60, the weakest link in five years (five-year average 0.07). A correlation near 1 means they move together, near -1 that they move in opposite directions.
S&P 500 and US 10-year Treasury yield are moving in opposite directions
- Five-year average -0.07
- Range -0.70 to 0.52
- Today near its five-year low
Over the last 63 sessions, daily moves in S&P 500 and US 10-year Treasury yield had a correlation of -0.50, near its five-year low (five-year average -0.07). A correlation near 1 means they move together, near -1 that they move in opposite directions.
Copper and S&P 500 are moving together
- Five-year average 0.28
- Range -0.21 to 0.71
- Today near its five-year high
Over the last 63 sessions, daily moves in Copper and S&P 500 had a correlation of 0.53, near its five-year high (five-year average 0.28). A correlation near 1 means they move together, near -1 that they move in opposite directions.
DAX and EUR/USD are moving independently
- Five-year average 0.04
- Range -0.36 to 0.39
- Today close to its usual level
Over the last 63 sessions, daily moves in DAX and EUR/USD had a correlation of -0.13, close to its usual level (five-year average 0.04). A correlation near 1 means they move together, near -1 that they move in opposite directions.
Gold and US dollar index (DXY) are moving in opposite directions
- Five-year average -0.40
- Range -0.76 to 0.25
- Today close to its usual level
Over the last 63 sessions, daily moves in Gold and US dollar index (DXY) had a correlation of -0.50, close to its usual level (five-year average -0.40). A correlation near 1 means they move together, near -1 that they move in opposite directions.
Ether and Bitcoin are moving together
- Five-year average 0.83
- Range 0.68 to 0.94
- Today close to its usual level
Over the last 63 sessions, daily moves in Ether and Bitcoin had a correlation of 0.88, close to its usual level (five-year average 0.83). A correlation near 1 means they move together, near -1 that they move in opposite directions.
Gold and US 10-year Treasury yield are moving in opposite directions
- Five-year average -0.30
- Range -0.67 to 0.17
- Today close to its usual level
Over the last 63 sessions, daily moves in Gold and US 10-year Treasury yield had a correlation of -0.34, close to its usual level (five-year average -0.30). A correlation near 1 means they move together, near -1 that they move in opposite directions.
Bitcoin and Nasdaq Composite are moving together
- Five-year average 0.40
- Range -0.04 to 0.72
- Today close to its usual level
Over the last 63 sessions, daily moves in Bitcoin and Nasdaq Composite had a correlation of 0.39, close to its usual level (five-year average 0.40). A correlation near 1 means they move together, near -1 that they move in opposite directions.
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Not investment advice. Market Seasonality publishes historical statistics, news summaries and scenario analysis for information and education. Past patterns do not guarantee future results. Nothing here is a recommendation to buy, sell or hold any asset, and scenarios describe possible paths without predicting them. See the disclaimer and methodology.