Wartime Correlations Are Back, And AI Stocks Are Most Exposed

Wartime correlations that the stock market broke with when the ceasefire went into effect, are back in play, but it’s a fairly new development, just starting to realign since mid-May. SPX (15M) and WTI crude (inverted) in purple. On this chart, WTI’s strength is still leading the SPX a bit lower. SPX (15M) and the…