Friday, January 6, 2012

Have U.S. Equities Disconnected From the Euro?

 The correlation has been declining over the last couple months but the question is "Will 'Down Euro' mean 'Down stocks'" sometime in the future?
From Slope of Hope:
The jobs report just came out at the high end of consensus, and ES shot higher along with NQ while the Euro and treasuries dropped.

The Euro remains my "Rip Van Winkle" trade - - if I had to place and short and not touch it for months, this would be it.