While you’re buying Warren is selling:
“Berkshire Hathaway Inc.’s net stock sales in the first quarter were the second-highest in almost five years and the conglomerate, where the billionaire is chief executive officer, slowed its buyback pace”. t.co/ehryNvuUmG
— Sven Henrich (@NorthmanTrader) May 1, 2021
BUFFETT'S BERKSHIRE GETS MORE CAUTIOUS ON STOCKS AND BUYBACKS, NET STOCK SALES IN FIRST QUARTER SECOND HIGHEST IN FIVE YEARS: BBG
— FXHedge (@Fxhedgers) May 1, 2021
— VIX Squared (@vixsquared) May 1, 2021
— Alastair Williamson (@StockBoardAsset) May 1, 2021
So what if US headline #inflation spikes to 7%?
Not that likely but what if we get above 4%, even though temporary? Interesting couple of months coming up.
(chart via @AndreasSteno) pic.twitter.com/mCo28rGZRN
— jeroen blokland (@jsblokland) May 1, 2021
According to the OCC’s most recent “Quarterly Report on Bank Trading and Derivatives Activities,” for the quarter ending December 31, 2020, equity (stock) derivative contracts at federally-insured banks and savings associations have exploded from $737 billion (notional or face amount) since the Wall Street banks last blew themselves up in 2008 to $4.197 trillion notional as of December 31, 2020. That’s a staggering increase of 469 percent in just 12 years.
Deluard points out that the level of stock gains we are seeing now is unprecedented, with one exception: the Great Depression. After passing 4,000 points for the first time this month, the S&P 500 is on track to soon double its COVID-19 pandemic low of 2,237 points 14 months ago.