The David Lin Report · Thursday, September 10, 2026
Mike McGlone notes that gold's 100-day correlation with the S&P 500 has reached a multi-decade high, and its volatility relative to the S&P 500 is at a 20-year peak. He suggests gold's performance is heavily influenced by the Federal Reserve's interest rate decisions.
“Gold, it fits in my stock puppet category. It's highly correlated. The 100-day correlation with the S&P 500 reached almost at a multi-decade high recently.”
“Its volatility versus the S&P 500 is two times. That's heart the highest in 20 years.”
“The thing about gold is, unfortunately, gold fits in my stock puppet category. It's highly correlated. The 100-day correlation with the S&P 500 reached almost at a multi-decade high recently. It's volatility versus the S&P 500 is two times. That's heart the highest in 20 years.”