Markets Swing in Tandem as Brexit Amps Up Correlations: Chart

It’s back to the drawing board for investors who were just getting used to markets moving independently. The U.K.’s surprise vote to quit the European Union rekindled lockstep moves between U.S. stocks and assets like oil, the U.S. dollar, Japanese yen and bonds -- a reversal from the prior three months when correlations started to ease.

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