US futures intra-day correlation

[tss42]

Can anybody tell me why the entire US futures market on most days seems to be strongly correlated?

For example, ES, CL, GC and Euro almost everyday behave exactly the same. Today even the bonds look the same.

I always thought the stock indices represent the US economy and oil, gold and currencies are anti-dollar.

Thanks.

 

[N Rothschild]

they just follow the dollar index, oil and gold arnt anti dollar ? certainly not oil

 

[Adamus]

tss42, your chart had Euro twice, and missed off Gold.

 

[Glenn]

I always thought the stock indices represent the US economy and oil, gold and currencies are anti-dollar.

Thanks.

In the past maybe, but not during Deflation.
Gold and Oil bubbles have passed, stocks are next to go down.
Being the current global reserve currency. the dollar is the safe haven away from higher-risk speculation in stocks and commodities.
imho.
Glenn