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Charlie Morris

Charlie Morris

Venture: Portfolio Update

Venture: Portfolio Update

Issue 65; Trump has stepped back from the worst of the tariffs, and the market has rallied. Yet, huge damage has been left behind. UK large-caps (black) have held up well, but small- and mid-caps have fared worse. Yet, the dollar is down, and the Nasdaq futures, which rallied last

Venture: European Internet

Venture: European Internet

Issue 64; Given recent events, we have been looking for opportunities in markets which are both insulated from tariffs and offer a good opportunity.

Flash Note: Reducing Exposure in the Energy Sector

In light of the continued weakness in the oil price, now below $60 per barrel, I believe we should further reduce exposure to the energy sector.

Capital Preservation During Times of Stress

Trade in Whisky; Yesterday, the VIX spiked higher and reached 60 at the US opening. That is a very high number that has never lasted for very long. It reflects higher future volatility in the stockmarket, derived from inflated option prices, which reflects extreme market uncertainty. The modest dip to

Market Meltdown

Market Meltdown

💡This issue covers TRON (TRX), BNB Chain (BNB), and Solana (SOL). ByteFolio Issue 153; In the early days of Trump’s term, crypto was all the rage, but now the discussion has moved on to tariffs. Global financial markets are in meltdown, and while Bitcoin has held up well, it

Flash Note: Risk Reduction

Trades in Soda and Whisky; Following yesterday’s note, China has retaliated with 34% retaliatory tariffs, and this is now escalating into a global trade war. The Liberation Day tariffs are disastrous for the stockmarket and the economy. I would expect Trump to act and bring some good news, but

Gold All-Time High

ByteTree BOLD Index Monthly Rebalancing Report; Following the rebalancing on 31st March 2025, the new target weights for the BOLD Index are 25.7% Bitcoin and 74.3% Gold, a 0.2% increase for Bitcoin over the previous month. The 21Shares ByteTree BOLD ETP (BOLD) invests in Bitcoin and Gold.