Its been a while since I last posted and promise the next will be at more speed.
Financial markets have been quite choppy since the so called banking crises took hold starting with SVB simply due to rates. However the BTFP outlined by the FED helped to quell fears of bank runs.
Crypto has been an outperformer this year relative to other asset classes and the liquidity metrics prove this to be the case. Energy and precious metals also look interesting given the recent OPEC communication with regards to cuts and the more robust growth outlook which has underpinned the performance of silver. A softer dollar has also helped.
In my own portfolio I am waiting for Nat Gas at around the base line level of 2000 and then looking to buy in size. Its all about preparing for the next bull market.
Will be interesting to see FED policy in May with a potential to pause but all the data suggests they might go for a 25bp hike and then nip it in the bud.
Hope everyone is enjoying the easter weekend and markets should be fun next week.
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