Our favourite Correlation In The World Strikes Again

It’s an observation we’ve been noting for a while: The Greek stock market and the Egyptian stock market behave the same way.

Both were horrible dogs last year.

Both started rebounding late last year.

Both are having amazing years.

And today, while markets are rallying around the world… both markets are down, bucking the trend.

Here’s a look at a 6-month chart for both, with Egypt in orange, and Greece in green.

image

NOW WATCH: Money & Markets videos

Business Insider Emails & Alerts

Site highlights each day to your inbox.

Follow Business Insider Australia on Facebook, Twitter, LinkedIn, and Instagram.