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Markets are not inter related is my thinking, I have seen many markets at certain times come together or moving together in sic while at other times doing the total differ thing as towards price action.
I have study this like forever and there is no concise process what so ever though time, the best thing I can think of is that the markets are command by the process of sentiment which the media has a very large part of that fixed game in handing the ‘many’ a reason for things to take place.
Doing so are all just reason for the ‘many’ to act upon as most like to have company in what they believe, I think this is a natural process of us humans being that the company we kept is then use against us in the end.
The markets are efficient as always floor or no floor they will remain that way, as their basic goal is to extract funds from the ‘many’ to give to the ‘few’.
Even the terms inflation and disinflation etc. to me as I have suggested many times are only thinking to create wealth. Meaning they are just ‘buzz words’ to have the markets at times to become even more ‘efficient’.
Have a great day,
Z