As we approach the halfway mark of 2021, market turbulence is a major theme driving investors’ sentiment. Jurrien Timmer, Director of Global Macro, shares his thoughts on what’s moving the markets around the world. Jurrien believes Bitcoin reached targets pre-maturely and that it will sit between $30,000 and $70,000. He also discusses how cryptocurrency fits into the “40” category in a “60/40” portfolio construction. He believes that Ethereum and alternative coins could belong on both sides of a 60/40 portfolio, while Bitcoin is an alternative to fixed-income as it acts as digital gold. Jurrien also shares his views on how the market has performed over the last few months, coming out of the growth momentum. He discusses his thoughts on the rotation and current valuations. Jurrien states that because of the downturn, any rebound will show spikes of growth due to the depressed base. Follow along with Jurrien's charts on Twitter: @TimmerFidelity

Recorded on May 25, 2021.