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But we saved everything 🙂.
Jurrien Timmer observes that last Friday's liquidations impacted both gold and Bitcoin, leaving the two assets at the bottom of what he calls the periodic table.
His statement points to a significant simultaneous drop in both traditional and digital safe-haven assets.
Timmer has previously commented on changes in traditional asset management trends, noting that rising capital expenditures are reducing buybacks and dividends relative to earnings. He has also discussed the limitations of relying solely on simple valuation indicators like CAPE and market cap to GDP without considering factors such as earnings and margins. These remarks provide context to his current observations on market shifts affecting both gold and Bitcoin.