According to The Kobeissi Letter, gold's year-to-date (YTD) returns have more than doubled those of the S&P 500, despite the two assets rising concurrently. In 2024, the correlation between gold and the S&P 500 reached an unprecedented level of approximately 0.81, suggesting a notable shift in market dynamics. This correlation highlights the potential for synchronized market movements and may influence trading strategies focused on diversification and risk management.

According to @KobeissiLetter, gold has more than doubled the S&P 500's year-to-date (YTD) return, while both have risen together, showing an unprecedented correlation of approximately 0.81 in 2024. This unique correlation between gold and the S&P 500 is significant for traders looking to diversify their portfolios. The simultaneous rise suggests potential strategic adjustments for investors considering hedging against market volatility. Source: @KobeissiLetter.