What should investors do when confronted with the rising
trend in correlations of world stock markets and the fact that
these stock markets are even more closely correlated when stocks
are falling?
Butler and Joaquin said that if this high bear market correlation
continues, investors will have to try to anticipate and avoid markets
that will have higher correlations with the U.S. stock market in future
downturns. In a bit of economic analysis understatement,
trend in correlations of world stock markets and the fact that
these stock markets are even more closely correlated when stocks
are falling?
Butler and Joaquin said that if this high bear market correlation
continues, investors will have to try to anticipate and avoid markets
that will have higher correlations with the U.S. stock market in future
downturns. In a bit of economic analysis understatement,
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