Stocks, JPY, Yields Correlation Restored

by Ashraf Laidi

May 6, 2016 18:58

Today's US jobs report was mostly neutral-to-negative and its dynamics will not do the job to sway the Fed into raising rates in June. The chart below shows how easily-beaten corporate earnings were able to lift the S&P500 in March-April, making a break away from the positive correlation with US 10-year yields and USDJPY. But the last 2 weeks have seen a normalisation as equities fell back in line. Full article.

Click To Enlarge

Latest IMTs

• Iran Polymarket & Fed Odds
  by Ashraf Laidi | Feb 20, 2026 11:27
• Gold, Iran & Oil
  by Ashraf Laidi | Feb 19, 2026 16:40
• Trade Already in Profit
  by Ashraf Laidi | Feb 17, 2026 18:16
• I will go LIVE in 10 mins
  by Ashraf Laidi | Feb 16, 2026 21:49
• 3 Stocks Against Nasdaq
  by Ashraf Laidi | Feb 13, 2026 17:46