- The DOW is over 35,000, as equity markets are largely ignoring the Delta variant. Yet, the 10-year yield has declined sharply, suggesting bond investors are worried about the future.
- As a result, I continue to add very minimally to stocks, opting to focus mostly on under-represented sector ideas, muni bonds, and commodities.
- Bitcoin again fits in to this theme. It has had a rocky year, but has stabilized recently and sits about 30% off its highs. It seems like a reasonable entry point.
- Bitcoin still represents only a fraction of my total assets. Readers should remember, despite recent performance, this is a very volatile asset and is not for the faint of heart.
For further details see:
There Is Merit To Putting A Little More Cash In Bitcoin