Correlation Doesn’t Equal Causation Which Is Fine Because That Was Never The Point

I talk about cross-asset correlations a ton and I'm still convinced that it is one of least well understand topics among retail money (actually, retail investors do understand it as evidenced by the prevalence of 60/40 portfolios, they just don't know they understand it). The problem - or at least one of the problems - seems to be that whenever some people hear "correlation", they Marty McFly it right back to high school science class and regurgitate the old "correlation doesn't equal causation