Will US stock markets get more shocks in coming days? Why has Warren Buffet warned Wall Street? Details here
Warren Buffet's company Berkshire Hathaway has a net aggregate of $131.63 billion in net-equity sales undertaken since October 1, 2022. But he has not sold any of the shares bought in this period. It has sold a total of $75.536 billion in net equities in the second quarter of the financial year. This is the most Berkshire Hathaway has ever sold in a single quarter. Now at a time when the US stock markets have witnessed a bloodbath and a meltdown last week, experts believe Buffet should not be taken lightly.
Warren Buffet: Corporate tax may go up
According to an article published in the MSN, Buffet justified Berkshire's record-breaking selling activity by saying that corporate tax rates were likely headed higher in the future. He hinted that earning some profits at a historically lower corporate tax rate would, be viewed favorably by his company's shareholders.
Will Warren Buffet bet against the US?
Capital market experts and economists believe that the Oracle of Omaha will never bet against the US, he never buys put options or short-selling stocks. But he does not shy about going on a buying spree when value is few and far between on Wall Street. It can be said that the long-term mantra of Warren Buffet doesn't always align with his actions over shorter timelines.
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Buffet's selling activity generally remains confined to Berkshire's largest position, Apple. He has stakes worth $84.2 billion in the tech giant as of June 30,
