Taylor Report

Bill Taylor, CIO of Entoro Wealth, compares & analyzes BTC, ETH, Gold & the S&P 500 and gives us his take on it all

Trading Summary Notes for Tuesday, 12/22/20: What's new? Bitcoin had a huge week, up about $4,000 (20%+) since last week; ETH above $600; Gold solid; S&P "re-jiggered" and now includes TESLA. TSLA drops on the actual news.

What to do now? Buy Bitcoin & Ethereum. BTC is about to go parabolic. Buy the BIG dip in gold. Longs got out at month end. 2021 looks like another good gold year. Keep (or initiate) a short S&P 500 exposure...

To be sure, interest rates are beginning to "pinch." Markets seem to think the FED will "flinch" and back off raising rates. That does NOT mean they will come down.

Elon Musk changed his tune.....now comfortable with BITCOIN if mined "in a green way."...looks like he likes the $35K level, too.....Michael Saylor (MicroStrategy) floated a $500M bond to buy more BITCOIN.....filed for $1B secondary stock offering to.....you guessed it.....buy more BITCOIN

Chaos......Confusion......Uncertainty. Countries, individuals and "never Bitcoiners" have all teamed up to drive (a/k/a manipulate) BITCOIN (and cryptos in general) down and have done a good job (so far).......BITCOIN touched $30K, ETH traded under $2K and other coins sank as well...........China verbally assaulting BITCOIN miners and traders (again)

U.S. treasuries and gold got a huge burst in a flight to safety. It won't last. U.S. interest rates are going up (bond prices down). Inflation is getting hot, hot hot. Expect interest rates to surprise to the upside.

Simple Thoughts in Complex Markets By Bill Taylor, Contributor/Entoro Wealth The...

Simple Thoughts in Complex Markets By Bill Taylor, Contributor/CIO-Entoro Wealth The...

What's new? NOTHING! Another promising vaccine announced. Covid-19 spiking up. Potential lock downs. Trading Summary Notes for Tuesday, 11/17/20: Bitcoin jumped up over $2,000 since last week. Ethereum up over 6%. Gold steady and basically unchanged. Equities soared. Ho Hum!