By Bill Taylor, CEO / Digital Wealth News and AI & Finance
DISCLAIMER: The opinions expressed below are solely those of Bill Taylor & do not represent those of DWN or any affiliates. Any financial advice included here is for entertainment purposes only.
BULLISH – Ø
NEUTRAL – GOLD, S&P 500, BITCOIN, ETH
BEARISH – Ø
4/8/25 Closing Prices:
BTC: $76,737.31 -9.8% (Tue-Tue)
ETH: $1,464.92 -23% (Tue-Tue)
Gold: $2,949 -4.3% (Tue-Tue)
S&P 500: 4,982.77 -11.5% (Tue-Tue)
Well, wasn’t the past week special. That sell off probably feels like getting hit by a speeding semi-trailer truck. Of course if you were short, it’s nirvana.
Which now begs the question: is it over? Ah, I’m afraid not. The world is changed and the financial markets are in the midst of adjusting. Recession is now in full play. How the rest of the world reacts to their financial markets is yet to be seen. Way too many questions without answers to expect any market upside.
The natural thing to do, and the expected reaction, is to HOPE that was the worst of it. Surely markets will return to going back up, right. Do not be fooled. At the very least raise cash, cut positions, manage your risk tolerance and take some time to digest the financial landscape.
Ideas? Very short and sweet. Get neutral. I went neutral a few weeks ago on the S&P 500 and GOLD. I am adding BITCOIN and ETH to the neutral camp. Bear market rallies can be spectacular AND vicious if you are short. Downside selling can be daunting. NEUTRAL is the safe place.
BITCOIN & ETH. I can’t be bullish anymore for a while. There appears to be “problems” developing at Strategy (MSTR). All that leverage which the company has built up is going to be an impediment. Crypto is under severe pressure. Get neutral.
S&P 500. The worst is still ahead. Years of only up are coming to an end. Bear market is here. You can disagree (I’m not offended) but neutral is a good place. Going under 5000.
GOLD. Nice run. Fun’s over. When you need to offset losses you sell what you have a profit in. Hello GOLD. Safe havens go down, too. Neutral.
BEING SHORT IS LOTS OF FUN….UNTIL YOU GET CAUGHT IN A SHORT COVERING BUZZ SAW. THESE ARE, AND WILL INCREASINGLY BE, NASTY MARKETS. NEUTRAL PROTECTS.
2025 TARGETS:
- BITCOIN 2025……..?
- ETH 2025…………?
- GOLD 2025……….?
- S&P 500 2025……..DOWN (4500?)
Current trading positions:
- BITCOIN….NONE
- ETH….NONE
- GOLD….NONE
- SHORT….S&P 500
We compare the price of Bitcoin, Ethereum, Gold & the S&P 500. We use the CME Bitcoin Indexes (BRR & BRTI) and the CME Ethereum Indexes (ETH_RR_USD) & (ETH_RTI_USD) for reference as well as the London Bullion Market afternoon price settlement on the digital assets & gold.
Bill Taylor is CEO of Digital Wealth News. He is widely published & quoted in financial media and an international expert on markets and BTC, ETH, Gold & SP500.
His opinions are solely his own and for informative purposes only.
