---
title: "Goldman Sachs claims that the correlation between various asset classes is strange and historical patterns have completely failed"
description: "Goldman Sachs macro trader Bobby Molavi pointed out that the correlation between different asset classes is behaving unusually, with the stock market continuing to rise amidst numerous concerns, and s"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262067373.md"
published_at: "2025-10-21T13:03:04.000Z"
---

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

> Goldman Sachs macro trader Bobby Molavi pointed out that the correlation between different asset classes is behaving unusually, with the stock market continuing to rise amidst numerous concerns, and stock indices, individual stocks, and assets like gold reaching historical highs. Despite changes in news, volatility remains constrained, retail buying is strong, and spending related to artificial intelligence continues to grow. He stated that the historical correlation between bonds, stocks, and gold has completely broken down

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."

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> **Disclaimer**: This article is for reference only and does not constitute any investment advice.