Economic Calendar

Saturday, August 16, 2008

Closing Market Recap: Strategists Fret as Correlations Flip

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Closing Market Recap: Strategists Fret as Correlations Flip
16 Agustus 2008 4:11
(CEP News) - Traders advised caution on Friday as a pair of the most consistent market correlations wilted. In one, Treasury yields and equities moved in opposite directions for the second straight session. In the other, the Canadian dollar outperformed all G10 currencies even as crude oil and gold fell to long-term lows.


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