Correlations across asset classes have risen to highs not seen since the last financial crash in 2009. Nothing surprising. Correlations tend to increase during turbulent times.   Chart courtesy of BoAML
{"Image Orientation": "Horizontal (normal)", "Image ExifOffset": "38", "EXIF ColorSpace": "sRGB", "EXIF ExifImageWidth": "816", "EXIF ExifImageLength": "453"}