Billionaire's Portfolio

August 12, 2019 We open the week with a storm of rising geopolitical issues.  Let's step through them, and then…

August 9, 2019 As we end the week, Trump continues to posture for some leverage to get China back to…

August 8, 2019 The yuan continues to be the signal for global markets, and for the past two days China…

August 7, 2019 The global interest rate market continues to price in the worst-case scenario.   What's the worst-case scenario?  An…

August 6, 2019 In my note yesterday, we talked about the two big charts to watch overnight:  1) the yuan,…

August 5, 2019 China made an important move in it's currency overnight.  It was clearly a political response to Trump's…

August 2, 2019 We have global monetary policy now pointing south (including the Fed).  And the perception of an indefinite…

August 2, 2019 We've discussed for some time, the idea that Trump has used his position of strength in trade…

July 31, 2019 We got the quarter point cut by the Fed today.  For those that have been looking for…

July 30, 2019 With tomorrow's big Fed decision looming, we heard from the Bank of Japan overnight.    As the…