You have to think about Gold and inflation to see why the correlation faded.
GrizzlyBearBee
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Does this imply that as the DXY gets stronger, the indices might drop? I've been observing the correlations of the two for a while trying to see whether this would be a possible outcome. The CFTC COT data on the DJIA, S&P and NASDAQ shows that hedge funds might be sitting out of the indices as well. Making it harder to justify the moves by the indices. Perhaps the Feds' and Robinhood Traders' actions?