A troubling report from the United States Securities and Exchange Commission has come to our attention.
It appears that some of America’s richest investors are dumping shares of tech stocks at an alarming rate.
Berkshire Hathaway, for instance, dumped 2.9 million shares of Apple earlier this year.
Appaloosa Management sold more than half of its stake in Facebook.
And Amazon founder Jeff Bezos recently sold off nearly $3 billion worth of his own company’s stock?
So What’s to Come ?
How will the next round of Federal Reserve policy look like when The Everything Bubble (the bubble in sovereign bonds) bursts?
It presents a road map for how the next crisis will play out as well as how the Fed will react to what’s coming.
If unsure what to do within the scope of these satanic traps and impending disasters, you could probably do a lot worse than leaving all your (traceable) electronics behind, grab a small copy of the bible and head for the Hills.
The three major U.S. stock indexes as reports suggest the Trump administration is weighing whether to drop existing tariffs on $112B of Chinese imports (which were introduced at a 15% rate on Sept. 1).
The Dow, S&P 500 and Nasdaq are ahead by 0.4% as the concession is seen as pausing the U.S.-China trade war.
“Phase One” of the pact would include Chinese purchases of American farm goods, rules to deter currency manipulation and some provisions to protect intellectual property and open up Chinese industries to U.S. firms.