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But we saved everything 🙂.
Jurrien Timmer observes that commodities and CTAs have continued to perform well as diversifiers.
However, Timmer notes that gold has recently shown a higher correlation with both stocks and bonds, potentially reducing its effectiveness as a traditional safe haven asset.
Timmer previously reported that both gold and Bitcoin experienced steep declines following widespread liquidations last week, impacting multiple markets (link). He has also discussed rising capital expenditures and how they are reducing buybacks and dividends relative to earnings in the current market (link). These observations contribute to Timmer's ongoing coverage of shifts across asset classes.