Fidelity’s Timmer doubts 60/40 revival as stock-bond correlation stays positive

Fidelity's Jurrien Timmer argues that higher yields are keeping the stock-bond correlation positive, which undermines the case for a 60/40 portfolio revival. The commentary is macro asset-allocation opinion rather than a crypto-specific development, so it carries little direct read-through for digital-asset prices. Traders watching cross-asset correlations may note the signal, but no crypto tickers or flows are involved.