Buffett's Cash Hoard: New King of Safe Havens?
Business & Finance News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Warren Buffetts Berkshire Hathaway holds a massive cash pile, with recent additions of seventeen billion dollars in Treasury bills. Despite market dips, Buffett sees cash as a smart play over stocks or other assets. Traditional safe havens like gold and Treasury bonds have lost their luster, with their correlation to stocks flipping positive. Commodities are surging, and strategists advise investing in industrials, utilities, materials, and energy stocks. Cash proved its worth during the recent S&P drop, making it the go-to move in investment playbooks.
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