Reported 1 day ago
Warren Buffett has conveyed a significant warning to Wall Street, suggesting that the stock market is overvalued. In Berkshire Hathaway's latest 13F filing, it was revealed that the company increased its cash reserves and sold more stocks than it purchased, including significant shares in Apple and Bank of America. Buffett's decision to exit two exchange-traded funds tracking the S&P 500 emphasizes his concerns, particularly in light of indicators suggesting a potential recession. Investors are advised to be cautious and prepare for possible market volatility.
Source: YAHOO