In his weekly update, Director of Global Macro, Jurrien Timmer, joins us to discuss how recent events affect investor sentiment in the markets today. Jurrien discusses the disparity between the number of estimated jobs created and actual jobs created. Jurrien believes the extent and extremity of cryptocurrency success are primarily due to the liquidity of the environment. He says there seems to be a rotation between Bitcoin and Ethereum and mentions which one of the two is currently losing market share. Jurrien explains we are starting to see a comeback in the energy sector. WTI is up 65. Jurrien notes that the supply chain needs to be up and ready to go. He states that the overall trajectory of the U.S. dollar is trending downwards. Thus real rates are falling, so there is a solid bullish case for gold. Jurrien also discusses whether or not the events in May are short-term or long-term. Follow along with Jurrien's charts on Twitter: @TimmerFidelity

Recorded on May 10, 2021.