The economic and financial shocks unleashed by the global coronavirus crisis have reordered risk profiles for markets in unexpected as well as expected ways. One of the shifts that should surprise no student of market history: the recent rise (and in some cases dramatic spikes) in return correlations.

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WHO official: the coronavirus may never go away: MW
GOP isn’t ready to OK more coronavirus aid: AP
Will a 2nd coronavirus wave convince Fed to use use negative rates? CNBC
Economists expect US unemployment rate to rise to 17% in June: WSJ
Today’s jobless claims report: another huge increase expected: MW
Fed’s Powell dismisses negative rates as policy tool: CNBC
Lloyd’s of London: coronavirus payout claims will be biggest since 9/11: BBC
Wholesale inflation’s annual trend goes negative in April: MW