[sgbuffett]

Don't listen to toilet loo.

Listen to Warren Buffett.

His Berkshire Hathaway is hitting record high.

There is rotation into Berkshire as investors run to value plays.
Buffett beingvin 30% cash also hedge aginst any downside 

It shows that investors are willing to invest but prefer to derisk from stocks with expensive valuations.

Look at Berkshire and S&P500 moving in opposite directions. This is very rare. But shows that incestors are moving out of crowded trades in a small numbers of stocks over represented jn s&p500

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Above is still based on assimption that there is no recession.

If recession comes all US stocks will go down.