2 Question Tuesday – 09/03/2024 – Will Berkshire Hathaway’s Sales of Apple Shares Reshape the Market Indexes? Why Did Warren Buffett Sell 13% of Berkshire’s Stake in Bank of America Before the Fed Cuts Rates?
Welcome to 2 Question Tuesday. This week’s client submitted questions were:
- Will Berkshire Hathaway’s sales of Apple shares reshape the market indexes?
- Why did Warren Buffett sell 13% of Berkshire’s stake in Bank of America before the Fed cuts rates?
Phil, Mike, and Larry discuss reports from earlier this summer that Warren Buffet’s company Berkshire Hathaway sold half its stake in Apple and how this enormous amount of shares hitting the market will affect the benchmark indexes? They then talk about last week’s news that Berkshire sold 13% of its stake in Bank of America and why would it do this before the Federal Reserve cuts interest rates.
Submit your questions to question@2questiontuesday.com
As always, if you have any questions at any time, please feel free to call your adviser directly at (845) 691-4035.