Gold and Bitcoin seen as key hedges by this market expert as global liquidity dries up

Core Insights - The global liquidity cycle is entering a decisive contraction phase, which increases the risk of a prolonged downturn in equity markets according to veteran strategist Michael Howell [1] Group 1 - The contraction phase of the global liquidity cycle is expected to have significant implications for equity markets [1] - Howell emphasizes that this phase could lead to a prolonged downturn, indicating potential challenges for investors [1]