The news that the 2020 election likely means continued divided government was met by a meteoric rise in the markets. Many hope that divided government will result in the parties working together to get things done. But that looks extremely unlikely.
Ricardo Salinas Pliego, Mexico’s second-wealthiest man with a combined fortune estimated at $13.2 billion, has revealed to the public that a tenth of his entire portfolio of liquid assets is being held as bitcoin.
One of the favorite structures for professional traders is the risk reversal where out of the money puts are sold to pay for out of the money call options.
A report by Stanford shows that around 42% of the U.S. labor force was working remotely in June 2020. With a second wave of the virus already in full swing, it’s likely we’ll see that numbers hold steady or increase as winter drives on.
The price of Bitcoin is touching levels it hasn't seen since December 2017 when it hit its all-time high around $20,000. Then over the following year, Bitcoin proceed to give back about 80% of its value.
As an unabashed optimist, I’m thankful that my managed portfolio has returned more than 20% this year, underscoring the importance of having a long-term perspective.