So Why Don’t You Own It?

Published on August 28, 2024

Portfolio managers should always have good explanations for their underweight positions. These days, it matters more than ever.

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‘Recession Dashboard’ Update: US Remains Resilient

August 28, 2024
With US payroll and unemployment data surprising to the downside two Fridays ago, Treasury markets quickly repriced the probability of impending recession, helping set off a volatility spike in stocks across the world. According to Bloomberg, economists’ consensus probability of a US recession in the next twelve months is now approximately 30%.

Warren Buffett sells another $982M in BofA shares

August 28, 2024
Warren Buffett sold an additional $982 million of Bank of America Corp. stock as his conglomerate continues to shrink its investment in the second-largest US bank.His Berkshire Hathaway Inc. has trimmed the stake by a total of almost 13% in a series of sales since mid-July, generating $5.4 billion in proceeds. Berkshire disclosed the latest disposals in a regulatory filing late Tuesday, detailing