# The correlation between oil and the markets has turned negative amid the tech selloff – analyst — retained record

> Retained news record from news:seeking-alpha.

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source: [news](https://highsignal.app/data/news) (news:seeking-alpha)  published 2026-10-23 15:21 ingested 2026-10-23 15:32

[original source ↗](https://seekingalpha.com/news/4656655-the-correlation-between-oil-and-the-markets-has-turned-negative-amid-the-tech-selloff-analyst?utm_source=feed_news_all&utm_medium=referral&feed_item_type=news)

## retained text



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Commodities The correlation between oil and the markets has turned negative amid the tech selloff – analyst Oct 23, 2026, 11:21 AM ETS&P 500 Index (SP500), CO1:COM, CL1:COM, US10Y, US2Y, US30YMETA, US5YBy: Monica L. Correa, SA News Editor photoman/iStock via Getty Images A key shift is occurring in the relationship between oil markets (CL1:COM), (CO1:COM) and U.S. real yields, according to Stephane Deo, senior portfolio manager at Eleva Capital. Until mid-September, the two were positively correlated, but since then, the correlation has turned negative.
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document fetched 2026-10-23 15:32 · canonical https://seekingalpha.com/news/4656655-the-correlation-between-oil-and-the-markets-has-turned-negative-amid-the-tech-selloff-analyst?feed_item_type=news