Oil prices have risen in the past month, but what deviates from the 80% correlation that has existed until this year is the decline in US Treasury yields during the same period. What has changed? Jeffrey Rosenberg, senior portfolio manager at Proposed Alternatives ETF under BlackRock, the world's largest asset management company, recently said it was the decline of leading AI stocks — the Big Seven. “Oil prices had this amazing correlation with Treasury yields before, but it just stopped in October,” he said. “This tells us something important. In the mind of the market, geopolitical risk is secondary; AI risk is paramount.”

Oil prices have risen in the past month, but what deviates from the 80% correlation that has existed until this year is the decline in US Treasury yields during the same period. What has changed? Jeffrey Rosenberg, senior portfolio manager at Proposed Alternatives ETF under BlackRock, the world's largest asset management company, recently said it was the decline of leading AI stocks — the Big Seven. “Oil prices had this amazing correlation with Treasury yields before, but it just stopped in October,” he said. “This tells us something important. In the mind of the market, geopolitical risk is secondary; AI risk is paramount.”