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

• Nasdaq Beware
  by Ashraf Laidi | Jul 17, 2026 11:46
• Intraday Gold Fibonacci
  by Ashraf Laidi | Jul 16, 2026 13:19
• Updating GoldBugs Ratio
  by Ashraf Laidi | Jul 12, 2026 23:55
• 4 out of 4 Success Model
  by Ashraf Laidi | Jul 10, 2026 10:10
• Gold & Rate Hike Update
  by Ashraf Laidi | Jul 6, 2026 18:48