In my most novice opinion, the correlation of the the yield to SPY correlation has been off a bit due to a mix of tax sell offs and maybe some Omicron fear. However, although we are in a area in opinion, we should still be careful and watch how the correlation moves as we close out the end of 2021 and as we head into next year. GDP growth is slow but has been steadily recovering. Now it's a battle between new fear and prior recovery boost. It's been a movie. Let's see what happens!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.