Billionaire's Portfolio

June 26, 2023 On Friday we get May core PCE.  This is the Fed's favored inflation gauge.   As you can…

June 23, 2023 As we end the week, let's talk more about generative AI.   We've talked in recent weeks about…

June 22, 2023 The Bank of England surprised with a bigger, 50 basis point, hike this morning.      The 10-year…

June 21, 2023 Jerome Powell is back on Capitol Hill.    It was just a week ago that the Fed…

June 20, 2023 We had strong housing numbers this morning. Housing starts jumped, though off of the lows of the…

June 16, 2023 Yesterday we talked about the era of explicit central bank market manipulation.     They crossed the line in…

June 15, 2023 As we discussed yesterday, the Fed ended a series of ten consecutive rate hikes yesterday. They took…

June 14, 2023 The series of ten consecutive Fed rate hikes has come to an end.   It was telegraphed…

June 13, 2023 The headline inflation number came in this morning right at 4% year-over-year.  And as we've discussed, even…

June 12, 2023 As we discussed last month, nothing has had more influence on stocks over the past eighteen months…