Jobless claims at a 5-year low. S&P 500 at a 5-year high. Coincidence?
Highest intraday level since Dec 2007 with the S&P 500 up 5 points to 1477. A close above the September high would be bullish for risk trades.
The FX-stock correlations are down in recent months but the highest correlations are in NZD/JPY longs and USD/CAD shorts.