Bill Taylor - search results

Potential interest rates cuts, a softening labor market, geopolitical events and earnings mean nothing. A crazy guy with a gun and markets go crazy. Now I'm feeling older.

Flashback; 1987. The stock market did almost exactly what is going on now. Everyday all through the summer the market edged higher and higher. No reason, it just did. Then, in October, wham, 25%-30% downside.

Well, the second half of the year has begun. Is it all you had hoped for so far? The Fed didn't cut interest rates yet, but now they have fewer days remaining this year to do so. Hope springs eternal.

The second half of this year is full of risk, risk, risk. Not sure where the reward is (other than short). The next several months are going to be nasty.....with an emphasis on September/October. Don't be fooled with the lack of activity.....it's Summer.

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.

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.

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.

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.

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 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.