Billionaire's Portfolio

December 2, 2020 Powell and Mnuchin have been on Capitol Hill the past two days. Yesterday, the Fed chair said…

December 1, 2020 Stocks were up big today on news that the Senate had a bi-partisan proposal for a second…

November 30, 2020 The broad stock market (S&P 500) finishes the month of November up 11%.   Among the biggest movers for…

November 25, 2020 Stocks have aggressively moved higher from the lows of March.   The crash in stocks was fierce,…

November 24, 2020 Stocks are back at record highs.  Real estate prices are at record highs. Bond prices, are (still)…

November 23, 2020 In the face of broadly rising asset prices today, gold was down 2%.  As we discussed on…

November 20, 2020 We've talked for months about the posturing between the Democrats and the Trump administration on a second relief…

November 19, 2020 As we've discussed in recent days, the markets continue to underprice the risk of more chaos surrounding…

November 18, 2020 We now have three vaccines that claim better than 90% efficacy. For what is considered to be such…

November 17, 2020 Stocks traded lower today, but remain near record highs.  The VIX, a reflection of the market's perception of…