Goldman Sachs claims that the correlation between various asset classes is strange and historical patterns have completely failed

The correlation between different asset classes is behaving unusually, leaving even experienced stock market traders puzzled. Bobby Molavi, a macro trader at Goldman Sachs, pointed out that the stock market continues to rise despite numerous concerns: stock indices, individual stocks, and other assets like gold are all hitting historical highs. Meanwhile, regardless of the news, volatility remains constrained, retail buying is unstoppable, and spending related to artificial intelligence continues to surge. "Everything is very strange," Molavi said, noting that the historical correlation between bonds, stocks, and gold has completely "broken down."