- Dollar has ruled the day for quite some time.
- GDX has had a stronger correlation with Exxon Mobil (substitute for oil expectations) and VWO (Emerging markets) than TIP (real yields) and GVI (bonds).
- VIX correlation turned to below -0.25 before the VIX spike…
- Maybe one should have seen the GDX take down coming given the ultra low levels VIX was trading at.
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