Daily Note

Complicate And Add Volatility

Feb 8, 2021

Thomas Thornton

  • It was inevitable that Elon Musk would buy Bitcoin
  • I don't see good things by Tesla adding a volatile cash alternative to a volatile stock and company 
  • Adding some short exposure to a few existing positions 
  • Bitcoin has some upside exhaustion signals in play and is overbought on all time frames
  • The US 30-year yield has some upside exhaustion signals and could see some consolidation with bonds ahead
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