Core Strategy

Crypto Equities Portfolio

See commentary on the rebalance at the end of this note.

Tactical Setup Looks Constructive

Sometimes, a simple calendar turn is all an asset class needs to fall back into favor with investors. In the weeks leading into year-end (following BTC’s rejection at ~$94k), I laid out the reasons it made sense to detach from crypto markets. We were facing tax-loss selling, fund redemptions, and a general sense of investor apathy. That said, on 12/29 I noted that the turn of the calendar ...