A MIRACLE!!!: One of them does not behave as should be expected.
Correlation is certainly not causation, but it is striking that upward behaviour of SPX, DXY weighted SPY and JNK correlate with CNY depreciation. It is also striking that JNK and DXY weighted SPX correlate with appreciation of CNY. SPX not. Not yet? Waiting on the usual Sunday night PBOC announcement... Short SPX!
