Time for a return to the Dark Side?
The Blind Squirrel's Monday Morning Notes, June 19th, 2023.
Summary
It’s time for a (small) return to the ‘Dark Side’ as large cap tech has moved too far, too fast and downside protection is now available at ‘fire sale’ prices.
Also on the ‘Dark Side’, we added a short position in Coinbase. We think that recent regulatory action creates existential issues for the company.