Billionaire's Portfolio

December 21, 2021 For much of the year, the market has climbed the wall of worry, on several fronts:   Worry…

December 20, 2021 Over the past month, we've talked about the reappointment of Jay Powell, and how his subsequent flip-flop on inflation…

December 17, 2021 As we discussed yesterday, it looks like the Fed guidance this week served as confirmation of the end of…

December 16, 2021 It looks like the Fed started the end of globally coordinated easy money yesterday.   This morning the Bank…

December 15, 2021 This afternoon markets rallied following the Fed decision, where Jay Powell guided to a faster end of QE, and three rate…

December 14, 2021 With the Fed meeting tomorrow, bets were increased today that we could see a first rate hike as…

December 13, 2021 We have the big Fed meeting this week, which will conclude on Wednesday.    Given the posturing by Jay Powell…

December 10, 2021 The inflation data came in hot this morning, as we suspected.   Here's what it looks like with…

December 9, 2021 We get the November inflation report tomorrow.   For October, the headline number was a 0.9% monthly change in prices. …

December 8, 2021 Yesterday we compared the current period to 2014, where the domestic and geopolitical noise was high, and the Fed…