We can argue about what it means, but Warren Buffett clearly pulled back in the past year. The percentage of cash to equities in Berkshire’s holdings is greater than ever, recently reaching $334 billion. Read his latest annual letter here.
Meanwhile, SPX tested its 50-day moving average yet again. Futures are up moderately ahead of the open with a great many important economic data points due out this week.
continued for members…
We start with consumer confidence tomorrow, followed by new home sale on Wednesday, GDP and durable goods out Thursday and PCE due out Friday.
