Billionaire's Portfolio

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…

November 16, 2020 Stocks get another lift today on a second consecutive 7am, Monday morning vaccine announcement.   Last week, bond…

November 12, 2020 As we end the week, the pieces seem to be falling in place for another lockdown scenario.  …

November 12, 2020 This daily note, which I've been writing for almost five years, is about connecting dots.   I talk a…

November 11, 2020 The flood gates have opened on vaccines -- after the election, predictably.  Let's take a look at what…

November 9, 2020 As we open the week, markets are pricing in a high probability that Biden will get to inauguration day. …

November 6, 2020 As the hallmark of a Biden presidency would likey be the transformation of the U.S. economy, via…

November 5, 2020 Stocks are pricing in a Biden presidency, and a split Congress.  This is looking like a goldilocks…