Digital Assets Weekly: April 3rd, 2020
Please see important disclosures at the bottom of this report
Portfolio Strategy
Howard Marks, the CIO of Oak Tree Capital said something this past week that caught my attention:
“There’s no argument for spending all your money now, but there’s also no argument for not spending any.”
In many respects, this statement summarizes my continued view on the crypto markets. We’ve been recommending investors have exposure to the crypto markets for the past few months. Following the recent sell off, we started recommending investors overweight crypto during the next 3-5 years by being allocated somewhere between 1% to 2% vs. its market weight of 0.01%. Our advice has been to adjust allocations more aggressively or defensively between these ranges as P/CMR valuations are more or less attractive.
Another statement from Howard during a recent interview:
“The outlook for the economy is weak. The outlook for the disease is bad. On the other hand, there’s good value in the markets. I liked them before they went up today more than I do now.”
Similarly, Bitcoin’s March 13th price pull back took us to levels where we saw good value in markets. Prices have rebounded a bit. We still see some risks. We prefer getting most aggressive in the 4x t...Unlock this article by joining our Community!
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ON MARKET EVENTS
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These are released periodically after crucial market developments.
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Daily Technical Strategy
Daily commentary on market trends and short term opportunities.
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Wall Street Whispers
Exclusive insights based on discussions with institutional clients.
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Quantitative Strategy
Quantitative market research utilizing industry-leading analytical methods.
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Weekly Roadmap
Weekly summary of market events and updates on our key theses.
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Earnings Daily
A multi-faceted update of earnings developments.
UPDATED BI-WEEKLY
Signal From Noise
Highlights timely market themes and sectors with corresponding stocks, cutting through the day-to-day market “noise” for a distinct perspective.
UPDATED MONTHLY
FSI Sector Allocation
A sector allocation strategy that is designed to outperform the S&P 500 while taking minimal risk.
UPDATED MONTHLY
Factor Strategy
List of ETFs based on quantitative models that should outperform the S&P 500 on a monthly basis.
UPDATED MONTHLY
Newton's Upticks
Technically derived, intermediate-term picks of attractive risk/reward opportunities from the S&P 500.
FSI Academy
Thematic investment stock picks that aim to outperform the S&P 500.
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Crypto Comments
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DAILY
Crypto Market Update
Stay on top of the crypto markets with macro commentary, technical analysis, and the most relevant news.
INTRA MONTH
Crypto First Word from Tom Lee
Hear directly from Tom Lee about important cryptocurrency developments.
WEEKLY
Crypto Technical Strategy
From Bitcoin, Ethereum and Solana to other coins, our Head of Technical Strategy highlights important price movement to help give you an edge.
WEEKLY
Crypto Strategy
A must-read summarizing our key thoughts about the crypto market, price action, and developing trends.
WEEKLY
Funding Fridays
Are you looking for investment opportunities in the crypto space? We explore early-stage crypto opportunities in this note about where the smart money is being invested!
WEEKLY
COMING SOON
Crypto Events
Never miss another conference, a high-impact software update, or an event that could be market-moving!
NTRA-MONTH
Deep Research Reports
Our consulting business delivers incredible deep research reports to highlight the economics and viability of exciting crypto projects.
WEEKLY
Crypto Strategy
Keep track of bitcoin sentiment to plan your digital assets strategy.
FSI Academy
Our main goal is to make you a better investor! This series will guide you through key financial concepts and topics in an understandable way.
Community Questions
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