Market behaviour & correlations since 1971 (FIAT)

Long term, equities are more closely correlated with the Fed's balance sheet than they are with T-Yields, Fed Funds, or Commodities .
Beyond Technical AnalysisDIAIWMnasdaqQQQSPX (S&P 500 Index)SPDR S&P 500 ETF (SPY) VIX CBOE Volatility IndexVOLQVVIX

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