"Warren Buffett may be cashing in stocks because he sees a storm on the horizon - and could buy them back once prices tumble, a senior market strategist says."
"Buffett's Berkshire Hathaway has been a net seller of stocks for 11 straight quarters, even though the market has soared to new highs in that period."
"The pause in stock buybacks marks a big change from Berkshire's peak repurchases of over $20 billion in both 2020 and 2021."
"Buffett has jettisoned stocks and gone to cash ahead of past downturns, signaling he sees similar patterns emerging now."
Warren Buffett's recent stock sales could indicate a forthcoming downturn in the market, according to market strategist Paul Dietrich. Buffett has a history of selling stocks ahead of bear markets or recessions, as he has demonstrated over multiple downturns. His company, Berkshire Hathaway, has sold $212 billion in shares while only purchasing $34.5 billion, leading to a significant cash reserve. This behavior includes halting stock buybacks, which contributed to Berkshire's cash pile tripling to $344 billion in three years. Buffett's past actions show a pattern of building cash in anticipation of market declines.
Read at Business Insider
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