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THE PIVOT
Why I went NEUTRAL on the Trading Portfolio
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Why I went NEUTRAL on the Trading Portfolio

Elevator UP. Staircase DOWN.

Today’s Market Update: Why I Closed My Bitcoin Short

Most of the larger framework remains intact, so today I want to focus mainly on crypto and explain why I closed my Bitcoin short.

First, TLT continues to behave about as expected. We moved through the buy zone, but I still expect more chop rather than an immediate breakout. I continue to believe equitie…

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