29 May 2025 | 3:10PM EDT Global Markets Daily: Shocks to the System—New US Risks Can Change Asset Correlations (Chang) Shocks to the System—New US Risks Can Change Asset Correlations US equities are lower, long-end yields are higher, and the Dollar is weaker since the US equity market peak in late February. Recent episodes of simultaneous equity, bond, and Dollar declines within that period, especially since early April, have led investors to question whether cross-asset correlations have shifted. Investors ...