ACWI Ex-U.S. vs. U.S. 3-Month Correlation and U.S. Equity 3-Month Return

When U.S. equities experience a sell-off, it often indicates underlying worries about the global economy or financial system, triggering risk aversion. This typically leads to declines in both domestic and international equities.

Image: Goldman Sachs Global Investment Research

ACWI Ex-U.S. vs. U.S. 3-Month Correlation and U.S. Equity 3-Month Return