Rotating in and out of these various markets can be tough. Predicting the right timing is very precarious. The car market is still in an interesting spot because of all the supply chain issues that still exist. Lamborghini reportedly isn't going to produce any cars for 2023 and focus on rolling out cars for 2024. The Corvette factory is getting shut down temporarily as well for supply chain issues. Last year a lot of the Corvettes got hit by a tornado in Kentucky. Overall a lot of the luxury and supercar production has been thrown off for various reasons, mainly supply chain related issues.
I'm ultimately going to rotate out of the Bentley and my Audi to rebuild my crypto positions. I do believe most of the crypto market will get beat up in the short term because interest rates remain high, real estate is crashing, and the stock market is taking a hit as well. Gas prices remain elevated and people are out of savings putting pressure on liquid assets such as crypto. I think we will see additional capitulation events late in the year and early next year possibly and then once positions are rebuilt it will still be a long road to get back. to a bull market. It will be a long road back for sure.
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Bought a 2018 VW golf last year for $19k β¦ itβs going for $30 today.