Taylor Report

BITCOIN BITCOIN BITCOIN. The biggest beneficiary of the new presidency appears to be bitcoin (crypto in general). At long last, regulatory relief is here. Additionally, Trump is very interested in creating a sovereign wealth fund that would invest in bitcoin.

There are still a lot of problems out in Investment Land.  Will a new leadership and a more business friendly environment match the initial enthusiasm? Be cautious.

So, will the Fed cut rates? Will Trump win? Will Harris win? Stay tuned to the financial soap opera "One Day at a Time" and wait to see. If there was ever a TGIF (Thank God It's Friday), let's hope it's this one coming up.

Not having any inside information, it doesn't appear that another interest rate cut is coming. Probably for the best since after the last cut, rates actually went up. There is really no pressure  to cut rates anymore either. Voters have voted so political pressure is off.

Financial markets (in general) seem to be waiting for more clarification on who will be the next president. Individual stocks are moving both up and down with earnings and rumors. Indices keep moving higher.  Ever since the Fed cut interest rates, those same rates have actually risen. Go figure.

So far it has been a very interesting October. And year. Pretty sure not many people have expected or predicted all this. But that's why things happen. Curb your enthusiasm, manage risk and stay within yourself. It's still a very dangerous market.

It might just be that the month of October is going to be a big nothing, sprinkled with a touch of bullishness and a dab of bearishness. Very nervous and skittish. What with wars, geopolitical events, election uncertainty and a slew of possible black swan events, sitting on your hands and doing nothing is the correct action.

October is not the kindest month for investors. Waiting for one more big push up might be like picking up quarters on the freeway. Odds are not good. If being short isn't for you, at least be defensive and cautious.

If everything is so good why are stimulus programs (China for one) being enacted and central banks cutting interest rates? Market tops don't happen when everyone is bearish.

Going neutral on everything. It's too much to handle right now. I fully expect a whole lot of "shenanigans" before the 'scheduled' election. When in doubt, sit it out.