The Taylor Market Report (6/18/24)
Equity markets are getting ever more narrow. AI and tech stocks are masking a lot of underlying weakness. Hey, but who cares? We all know markets only go up, right? News and common sense doesn't matter.
The Taylor Market Report (6/11/24)
This is the longest lasting "tired market" EVER! The AI stocks are holding the S&P index up (and I'm very bullish on AI) but the majority of stocks are crap. I want to be short but I am staying neutral.
The Taylor Market Report (6/4/24)
With summer just getting under way and vacation time picking up, I continue to stress the need for market neutrality......EXCEPT BITCOIN. Gold is off for the week, ETH is pausing after getting spot ETF approval and the S&P 500 is lower and wallowing around. BUT, BITCOIN arises.
The Taylor Market Report (5/28/24)
Interest rates are not going down. If rates sitting where they are can't get inflation under 3%, what will it take to get inflation down to the fed's target of 2%?? Answer? Higher rates.
The Taylor Market Report (5/21/24)
OVERALL. ALL the markets (equities, commodities, crypto) feel like there may be a huge speculative upside "blow off" coming. Exciting? Yes. Scary? Yes, that too.
The Taylor Market Report (5/14/24)
The S&P 500 added a bit more this past week. Why? I don't get it. Obviously being short ain't fun, but in my defense being long BITCOIN and short the S&P 500 (hedged) has worked well.
The Taylor Market Report (5/7/24)
Ideas? Id' just say get neutral and lighten up. BITCOIN and ETH are biding their time before heading for new highs. I stay long term super bullish but right now it may be just holding risk....reward to be in the future.
The Taylor Market Report (4/30/24)
I love BITCOIN and ETH and have for a very long time. Long term holder. BUT, now is not the time to be in BTC or ETH. Lighten up or be out. Things are getting nasty. I just can't be short, so I am neutral.
The Taylor Market Report (4/23/24)
The S&P has bounced back up after recent selloffs but there's still not a big change on the week. Gold had a fun trip to $2,400 and just took an almost $100 drop. With that, looks like BITCOIN and ETH had their "dip."
The Taylor Market Report (4/16/24)
With everything going on I am going neutral on BTC, ETH & GOLD for now. Short S&P 500. Old saying on the trading floors...."I'd rather be out of the markets wishing I was in rather than in the markets wishing I was out."