Billionaire's Portfolio

July 20, 2021 We had a big bounce back in markets today.  By midday, stocks had fully recovered the slide…

July 19, 2021 Last Monday we talked about the foreseeable "spiking case" narrative, as cover for the Fed and for…

July 16, 2021 Both Jay Powell and Janet Yellen publicly promoted the "transitory" case for inflation this week.  They will not…

July 15, 2021 We talked last month about the building conversations in Washington about a central bank-backed digital currency (CBDC). …

July 14, 2021 After a few weeks of theater on Capitol Hill, as the Biden administration acted as if they…

July 13, 2021 As expected earnings season has kicked off with a bang.  JP Morgan crushed earnings expectations, nearly tripling…

July 12, 2021 As we kick off earnings season this week, stocks are new record highs, again.  As we've discussed,…

July 9, 2021 Markets came roaring back today.  Again, as we discussed yesterday, liquidity is king.  And the Fed and…

July 8, 2021 Markets started shaky this morning, on concerns that maybe there are some early signals of a lull…

July 7, 2021 The minutes from the last Fed meeting came in today with no surprises.  They are methodically and…