Today's Investment Management and Financial Planning Thoughts

The news driving the markets today are two things, European leaders appear to be nearing consensus on support for Greece and initial jobless claims fell in the US. Markets are higher with support for commodities and the Canadian dollar.
In my research this morning I came across an interesting report from Credit Suisse. When the crap hits the fan in the markets correlations "go-to-one". This reduces the diversification benefits of a balanced investment strategy. They found correlations across all asset classes are remaining elevated suggesting macro trends are driving performance. This is in contrast to all other market indicators normalizing as things improve.