What Michael Binger is saying
President, Gradient Investments
6 dated public stances tracked since 2024-11-01, most recently 2024-11-02. 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.
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.
2024-11-02
BITCOIN
bullish
Wealthion · video
Spot ETF approval is driving institutional adoption and legitimizing Bitcoin as an asset class, with a potential inflection point when it achieves mainstream transactional use globally
“Bitcoin has been here for quite some time it's had some success... I'm starting to become more and more of a believer”
90d +47.8% · 180d +39.2% · 1y +59.5%
Market Recap: Hyperinflation Warning | Gold Stocks Surge | Iran Conflict & Oil | Election Market
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 +0.2% · 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
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
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