President, Gradient Investments
5 dated public stances tracked since 2024-11-01, most recently 2024-11-01. Each line carries the date and the venue it came from; quotation marks mean verbatim. Methodology.
The stances below are c8alpha's editorial distillation of Michael Binger's public commentary — television, podcasts, and interviews — compiled by automated transcript analysis and dated to the episode they came from. They may lag the speaker's current view and may contain extraction errors. Text in quotation marks is verbatim from the episode; everything else is our paraphrase. Michael Binger is not affiliated with c8alpha and has not endorsed this page. Nothing here is investment advice.
Think we got something wrong? Report a misattribution — we correct it or take it down.
Raw direction-aware returns on public statements — long calls credited when the price rose, shorts when it fell, shorts capped at −100% — in a rising market this mostly measures who was long, not who has skill. Returns run from the stance date; calls are rarely closed publicly, so fixed 90-day / 180-day / 1-year horizons are used. A horizon shows only once it has fully matured, and only at 5+ scored stances. “% correct” is the share of those scored calls whose direction-aware return was positive at the horizon — in a rising market a bullish call is correct by default, so read it beside the market, not alone.
Scored calls
Every tracked call with at least one matured horizon: the rows behind the Returns
line above. A dash is a horizon that has not matured yet.
| Date | Name | Call | 90d | 180d | 1y |
|---|
| 2024-11-01 | USTS | bearish | -0.1% | -4.2% | -7.0% |
| 2024-11-01 | Long Dur Treasuries | bullish | -2.0% | +0.3% | +3.2% |
| 2024-11-01 | BITCOIN | bullish | +50.8% | +35.5% | +58.4% |
Most-argued themes
| Theme | Stances | Lean | Mix | Last |
|---|
| BITCOIN | 1 | | 1 bullish | 2024-11-01 |
| Long Dur Treasuries | 1 | | 1 bullish | 2024-11-01 |
| MAGNIFICENT 7 / MEGA-CAP TECH | 1 | | 1 neutral | 2024-11-01 |
| SMALL-CAP STOCKS | 1 | | 1 bullish | 2024-11-01 |
| USTS | 1 | | 1 bearish | 2024-11-01 |
Tracked stances
bullish / bearish is a view they argued; owns / short is a position they said they hold.
2024-11-01
SMALL-CAP STOCKS
bullish
Wealthion · video
Falling interest rates reduce borrowing costs for smaller companies, unlocking relative outperformance versus mega-cap tech whose leadership is already fading by relative-strength measures
“I think you could go a little higher than that and think about a 20 to 25% allocation in small cap stocks”
Managing $6 Billion: Michael Binger on Elections, Market Risks & Investing
2024-11-01
Long Dur Treasuries
bullish
Wealthion · video
10-year yields near 4.25% offer attractive income in a balanced portfolio at a point where the Fed is cutting rates and inflation is unlikely to re-accelerate above 5%
“I don't think the Bond Market is a bad place to be in at this time with 10-year rates at around four and a quarter”
90d -2.0% · 180d +0.3% · 1y +3.2%
Managing $6 Billion: Michael Binger on Elections, Market Risks & Investing
2024-11-01
USTS
bearish
Wealthion · video
Inflation is likely stuck in a 2.5–4% band for three to five years rather than re-accelerating, making the inflation-protection premium in TIPS unnecessary and the strategy poor value
“tips is not a great strategy in my opinion right now we certainly aren't using them in any of our portfolios”
90d -0.1% · 180d -4.2% · 1y -7.0%
Managing $6 Billion: Michael Binger on Elections, Market Risks & Investing
2024-11-01
BITCOIN
bullish
Wealthion · video
Spot ETF launches legitimize Bitcoin as an asset class and wider retail/merchant adoption over the next 5–10 years represents a major inflection point for valuation
“I'm starting to become more and more of a believer in it that it's a valid asset class moving forward”
90d +50.8% · 180d +35.5% · 1y +58.4%
Managing $6 Billion: Michael Binger on Elections, Market Risks & Investing
Said again: 2024-11-02 (Wealthion)
2024-11-01
MAGNIFICENT 7 / MEGA-CAP TECH
neutral
Wealthion · video
Unlike 2001, Mag-7 companies have real revenues, profits, and cash flows at P/E multiples in the 30s rather than 80–90x, justifying holding but not chasing as relative strength leadership broadens to the rest of the market
“I would not just wholeheartedly sell all these companies”
Managing $6 Billion: Michael Binger on Elections, Market Risks & Investing
Idea Scout Weekly
Every Sunday: who said what across the tape we track —
1766 voices, 5,177 episodes and articles —
with side-flips and points of disagreement called out. Free.
How we track it.
Free · double opt-in · unsubscribe in one click
Follow an investor and their newest stances lead The Brief, the free morning email; these pages update every morning.