Macroeconomics

Spillover effect

Financial system

Engineering

Volatility (finance)

Stock (firearms)

Biology

Fish <Actinopterygii>

Financial market

Fishery

Financialization

Archaeology

Economics

Business

Mechanical engineering

Social connectedness

Commodity market

Commodity

Psychology

Fish stock

Geography

Monetary economics

Psychotherapist

Financial economics

Finance

Financial crisis

International Review of Financial Analysis

We analyze return and volatility connectedness of the rising green asset and the well-established US industry stock and commodity markets from September 2010 to July 2021. We find that the time-varying return and volatility connectedness have exhibited serious crisis jumps. Some individual assets of both the green and commodity markets are in connection to the US sectoral stock market returns, and the volatility connections are even more common than the return connections. Furthermore, some financial and economic uncertainty indicators manifest positive impacts from the volatility of some ‘big pond’ markets for e.g. commodities, whereas some others affect the connectedness negatively. Additional analysis of financial and economic uncertainty indicators manifests positive impacts from the volatility of some ‘big pond’ markets, e.g., commodities, while others negatively affect the connectedness.

Small fish in big ponds: Connections of green finance assets to commodity and sectoral stock markets