Warren Buffet’s Berkshire Hathaway released its third-quarter financial report on the 2nd, further reducing its holdings of Apple stocks (selling about 100 million shares, accounting for 25% of its holdings), and increasing its cash reserves to a record-breaking 325.2 billion US dollars (over 10 trillion New Taiwan dollars). (Summary: Commentary> Why is BTC so weak recently when US stocks are rising?) (Background: Black Swan Fund Warning: US stocks, cryptocurrencies, gold ‘Flash Crash’ market changes will occur before the end of the year?) Benefiting from the explosive development of the artificial intelligence (AI) industry and the Federal Reserve’s official announcement of monetary easing in September, the US stock market has truly experienced a ‘long bull’ this year: Apple, Nvidia, Tesla stock prices continue to rise, and the four major US stock indexes have reached new highs as if it were commonplace. But can the US economy really achieve a soft landing like this? Will stocks continue to rise without turning back? We cannot predict the future, but perhaps we can find some clues from the decisions of the masters… Warren Buffet’s Berkshire Hathaway Q3 further reduced its Apple holdings. Warren Buffet, the stock god, announced Berkshire Hathaway’s third-quarter financial report on the 2nd, further reducing its holdings of Apple stocks (selling about 100 million shares, accounting for 25% of its holdings), and increasing its cash reserves to a record-breaking 325.2 billion US dollars (over 10 trillion New Taiwan dollars). Since 2024, Berkshire Hathaway has sold over 600 million shares of Apple, leaving only about 300 million shares. Overall, Berkshire Hathaway sold about 36.1 billion US dollars’ worth of stocks in Q3, including billions of dollars’ worth of Bank of America stocks, making it the company’s eighth consecutive quarter of net selling. Many analysts believe that Buffett’s move implies that he believes the current stock valuations are too high and is preparing for a possible economic recession… Buffett Indicator reaches 200% Barchart also reminded investors on Twitter last month that the so-called ‘Buffett Indicator’ has reached 200% for the first time in history, surpassing the Dot Com Bubble and the Global Financial Crisis. The Buffett Indicator, published by stock god Warren Buffett in Fortune magazine in 2001, is the ratio between the total market capitalization of US stocks and GDP. Buffett said that he uses this ratio to observe whether the market capitalization of US stocks is supported by the real economy. If the ratio is very low, it means that stock prices are undervalued, while a high ratio indicates market overvaluation. JUST IN: Warren Buffett Indicator hits 200% for the first time in history, surpassing the Dot Com Bubble and the Global Financial Crisis pic.twitter.com/w0NV4RaMw7 - Barchart (@Barchart) October 22, 2024 Related reports Breaking the September curse? BTC briefly surpasses $63,800, Ethereum approaching $2,500, US stock S&P 500 hits new high. What signal does the US stock market betting on a 2-point rate cut by the Fed and BTC’s soaring release? Is the massacre in the US stock market not over yet? Wall Street guru Tom Lee: Fear of another 8-10% drop <Buffett further reduces his Apple holdings, holding a record-breaking $10 trillion in cash! Will the US stock market be able to escape the fate of a flash crash after the election? > This article was first published on BlockTempo, the most influential blockchain news media on the Block.