The post Buffett’s Berkshire moves back in line with the S&P 500 appeared com. Berkshire Hathaway just erased nearly two-thirds of its lag behind the S&P 500 last week, climbing 4. 5% as investors dumped AI names and circled back to companies that actually make money. The rally came after a strong third-quarter earnings report dropped over the weekend, while the Nasdaq cratered 3%, its largest weekly fall since April. The renewed interest in Warren Buffett’s company came at a time when markets started worrying that AI plays are too expensive and the U. S. economy might be weakening. According to Barron’s, the rally in Berkshire’s stocks cut its underperformance versus the S&P 500 to 4. 3 percentage points from 12. 2 points as of October 29. Berkshire’s operating income surged by 34% to nearly $13. 5 billion in Q3, driven mainly by a 200% increase in profit from insurance underwriting. Buffett holds the buyback, piles up record cash Despite the strong quarter, Warren didn’t greenlight any stock buybacks, meaning he still doesn’t see Berkshire Hathaway shares as cheap, even after months of trading well below their May highs. With no cash spent on repurchasing its own shares, and with the company selling off more stocks than it bought, Berkshire’s total cash balance reached $381. 7 billion at the end of September. That’s a 10. 9% increase from June, and when you subtract BNSF Railway’s cash and adjust for the timing of some Treasury bill purchases, the pile still sits at $354. 3 billion, up 4. 3% over the same stretch. Warren might also be preparing to step away. On Monday, November 10, the company is scheduled to release a press statement that will include a message from him about philanthropy, Berkshire, and “other matters that shareholders may find to be of interest.” That’s what the company told The Wall Street Journal and confirmed in a news release last week. No one’s calling it a.
Tag: underperformance
Ondas Holdings: Growth Story Intact – But Market Looks Ahead Of The Numbers
The post Crypto recovery remains slow despite global liquidity boost: Wintermute appeared com. Global liquidity is rising, stocks are soaring, and interest rates are falling but crypto markets are not bouncing back. Wintermute says why. Summary Wintermute reports that crypto is underperforming despite global liquidity expansion and rate cuts. The report says liquidity is flowing into equities, AI, and prediction markets, not crypto. Wintermute says the four-year Bitcoin halving cycle no longer explains price movements. Recovery depends on renewed ETF inflows and institutional activity in DAT markets. Despite a favorable macroeconomic environment, the cryptocurrency market continues to underperform other risk assets, according to Wintermute’s latest market update dated Nov. 3. The report highlights that although global liquidity is expanding with central banks cutting interest rates, ending quantitative tightening (QT), and stock markets sitting near all-time highs, capital is not flowing into crypto markets at the same pace. Wintermute attributes this underperformance to a redirection of liquidity. While financial conditions have improved globally, the inflows are primarily targeting equities, artificial intelligence (AI) sectors, and prediction markets. In contrast, ETF inflows and Digital Asset Treasury (DAT) activity, which were key drivers of crypto growth earlier in the year, have largely stalled. “The tap isn’t off, it’s just pointed somewhere else,” the report noted. Stablecoin supply remains the only inflow metric showing growth, with over $100 billion added year-to-date. Meanwhile, Bitcoin ETF assets under management have stagnated around $150 billion, and secondary DAT volumes have plummeted. Market data reinforces this slowdown. BTC (BTC) and ETH (ETH) have both been range-bound, with Bitcoin hovering near $101,000 and Ethereum around $3,300. The broader market also suffered heavy losses last week gaming, layer-2s, and meme coins recording double-digit drops. Wintermute says four-year Bitcoin cycle is dead Wintermute also argues that the traditional four-year Bitcoin cycle theory is no longer relevant. The firm believes that price performance in mature markets.