I threw up my hands a couple of weeks ago. Looks like others are doing the same.
So what's there to buy in markets like these besides the ultra short ETFs?
These figures confirm the basic idea that in bear markets everything becomes correlated because market participants end up selling all of it. Traders facing margin calls are end up forced to sell-off "quality" things, and others just throw up their hands and dump everything.
Source: Bespoke Investment Group: Correlation Ticking Higher in Current Market Environment
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