Fidelity’s Timmer says AI selloff turned stock-bond correlation negative

Fidelity's Jurrien Timmer says the recent AI selloff has flipped the correlation between AI stocks and Treasuries to negative, which revives the case for bonds as a hedge. The observation is a macro portfolio note rather than a crypto-specific development, and no digital assets are named. Traders watching crypto's growing link to risk assets may read it as a signal on how cross-asset hedging could shift if AI equities keep sliding.