Warren Buffett has recently sold approximately 50% of his Apple shares, signaling a significant shift in his investment strategy.
Meanwhile, the NASDAQ has entered a correction phase, and the S&P 500 is only 4% away from a similar correction.
In contrast, gold prices have surged to a record high, reflecting growing economic uncertainty.
The U.S. economy is now officially in a recession according to the Sahm rule, and economic forecasts predict four interest rate cuts in 2024 to combat the downturn.
Market volatility has increased dramatically, doubling in the last three weeks, while inflation remains stubbornly high.
Unemployment rates are also on the rise, adding to the economic woes.
Despite these challenges, billionaires who sold their assets at market peaks are seemingly untroubled.
It's going to be a turbulent week ahead for the fiat currency financial debt system…. so break out the popcorn! 🍿
https://x.com/grdecter/status/1819865369885933976?s=46&t=P2Ls81hs8j9RD7M6kNgOvw
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