We recently wrote about the high correlation of the intra-day moves between the Euro and the S&P 500 index. A reader commented that they would like to know more about the longer term correlation of the two.
cor ·re ·la ·tion/ËŒkôrəˈlÄSHÉ™n/
Noun:
A mutual relationship or connection between two or more things.
With the lack of interest for the recent German bond auction, CDS spreads continue to widen and the cost is on the rise for most of the countries within the region.
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Yields are also rising for most, with Portugal, Spain and Italy getting closer to the implosion zone.
So far today, the movement for the Euro and the S&P 500 has been moving in lockstep. The chart below shows the 3-minute movement for each of these and how closely they are connected.
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