Investors clinging to cash face these two risks as the Fed cuts interest rates, researchers say [Sep 23] (source – MarketWatch);
My analysis: Nudge-nudge. Risk On! Someone’s gotta be the bagholder. I pick – YOU!
BREAKING: Warren Buffett throws another ~11.5m BAC shares back in the market cashing out another half a billion (source – JustDario)
Warren is now ~20m BAC shares away from falling below 10% ownership and not being required to report these sales promptly anymore. Guess what comes next.
My analysis: Chart below of BAC/SPY. Warren bought BAC on the cheap. But “for some reason” he’s blowing out of his position.
NYC Mayor Eric Adams Hit With Historic Federal Indictment [Sep 26] (source – ZeroHedge)
New York City Mayor Eric Adams has been indicted on federal criminal charges, marking a historic first for the city as he becomes the first sitting mayor to face such charges. The specifics of the charges remain shrouded in secrecy due to a sealed indictment, the NY Times reports.
My analysis: “Kill an (Adams) chicken to scare the (other Dem mayor) monkeys.”