When all risk assets are essentially the same trade, what of gold? Correlations are historically correlated, notably Bitcoin and the stock market. A top proxy for the benchmark crypto -- MSTR -- is almost as closely connected to the S&P 500 as it is to Bitcoin on a 100-day basis to Aug. 29. Full report on the Bloomberg here: https://lnkd.in/ec63qjSE {BI COMD} #gold #bitcoin #stockmarket #macroeconomics @BBGIntelligence(Mike McGlone)