Trends to Watch |
| Black Monday: Bitcoin Bounces to $53K After Brutal Sell-Off Reminiscent of Covid Crash (CoinDesk) |
| Welcome Back to the 80s: Is This 1987 All Over Again? What’s Driving the Market Meltdown? (Wall Street Journal) |
| Thanks, BOJ: How the Bank of Japan wrecked the yen carry trade — and crypto markets (Cointelegraph) |
| Defense: Traders Rush to Hedge Against Extreme Market Events After Manic Monday (Bloomberg) |
| Suspension: Robinhood says there will be no 24-hour trading on Monday due to issue at third-party venue (CNBC) |
Stock Market News |
|
|
|
|
| Here are all the reasons why Monday’s major market wreck is happening – CNBC | |
| Palantir raises annual revenue forecast on AI strength – Reuters | |
| Lucid gets $1.5 billion cash infusion from Saudi shareholder, quarterly revenue beats estimates – Reuters | |
| CrowdStrike says it isn’t to blame for Delta’s flight cancellations after July outage – CNBC | |
| Oil prices rise over $1 on mounting concerns over Middle East supply – Reuters |
Berkshire Trades Apple and Bank of America for T-Bills as Buffett’s Conviction Wanes |
| Warren Buffett is casting aside Apple ($AAPL) for his new favorite fruit: the humble Treasury bill. At 93, the Oracle of Omaha is taking chips off the table, unwinding generational bets on companies in favor of safer plays that protect his legacy. Berkshire Hathaway’s ($BRK.A) Q2 reduced its stakes in several major holdings, including Apple and Bank of America ($BAC). |
|
| The final lesson: Buffett has a trick up his sleeve — building a nest egg for his successors. By loading up on T-bills, he’s positioning Berkshire to benefit from potential rate cuts, which would increase the value of these government securities. This strategy de-risks the portfolio and provides a substantial cash cushion for his successor. In all his wisdom, this move could be one of Buffett’s last and most valuable lessons — how to exit gracefully while preparing for a smooth transition.
|
