CHART OF THE DAY: The World's Stock Markets Are Holding Hands Again

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Financial advisors often recommend international stocks as a way to diversify their porfolios.

However, you only benefit from diversification if the correlation between those international stocks have low correlation with domestic stocks.

After falling from recent highs, correlations seem to be back on the rise.

Here’s a chart of cross-country equity correlation courtesy of Reuters chart guru Scott Barber:

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