Billionaire's Portfolio

February 3, 2020 The Chinese stock market re-opened overnight, after being closed for a week, for the Lunar New Year.  That…

January 31, 2020 We end the week and the first month of the year, with continued unknown on how the…

January 30, 2020 Today, the behavior in stocks and interest rates had market participants contemplating a significant drawdown in stocks, and the…

January 29, 2020 The Fed held steady today on rates, as expected.  What about the balance sheet? In their December…

January 28, 2020 Yesterday we talked about the prospects of the "coronavirus narrative" giving way to the power Q4 earnings.   That…

  January 27, 2020 On Friday we talked about the rising pandemic scare, and the related bearish technical signal that formed…

January 24, 2020 We were watching for the PMI data today, for early clues that a bounceback in global manufacturing…

January 23, 2020 The European Central Bank met this morning and had no surprises for markets. The ECB has already…

January 22, 2020 Markets continue to like the fiscal and monetary fuel -- without the overhang of a trade war. …

January 21, 2020 We entered the year with clear tailwinds of easy global monetary policy, and the removal of the…